FBI Investigating Whether Hedge Fund Execs Played Role in Insurance Fraud Scheme

FBI Investigating Whether Hedge Fund Execs Played Role in Insurance Fraud Scheme

The FBI is investigating the activities of two executives at Vicis Capital LLC, a New York hedge fund operator and biggest investor in a pair of small public companies that have been implicated in an insurance fraud scheme that revolves around falsified receivables for benefits covered by workers' compensation plans.

Source: FINalternatives