The SEC brought another action involving a hedge fund and
fraud by its managers. Specifically, the Commission alleged in a complaint
filed on Tuesday that Juno Mother Earth Asset Management, LLL, a registered
investment adviser, Eugenio Verzili, its chief compliance officer, and Arturo
The Commission brought another fraud action centered on
losses suffered by investors in two private hedge funds, the RAHFCO Funds L.P.
and the RAHFCO Growth Fund LP. After raising over $23 million from about 100
investors between April 2007 and May 2011 the funds devolved into insolvency,