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Hedge fund manager charged for scamming investors out of millions

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A Ponzi-like scheme that would make Bernie Madoff proud has been uncovered in Boston, authorities say. Massachusetts officials have charged hedge-fund manager Raymond Montoya with scamming investors out of millions of dollars. On Wednesday, Montoya was charged by the feds with mail fraud and wire fraud, and then released after…

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Click here to read the full story: New York Post

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