Weavering Hedge Fund Founder Jailed 13 Years For Fraud

Mani

Published onJanuary 23, 2015

Updated on May 13, 2021

Weavering Capital (UK) Ltd founder Magnus Peterson has been sentenced to 13 years in prison after he was found guilty of fraud by a London court this week.

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This marks one of the longest sentences handed down for a high-profile fraud in the UK in recent times.

Peterson perpetrated fraud

Magnus Peterson is the founder of one of London’s oldest hedge funds. The UK’s Serious Fraud Office (SFO) charged the founder with several criminal offenses. As reported by ValueWalk, the case against the hedge fund began in 2009, when the fund was...

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations.He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications.His hobbies are tracking global financial developments and watching sports

Weavering Hedge Fund Founder Jailed 13 Years For Fraud

Peterson perpetrated fraud

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Weavering Hedge Fund Founder Jailed 13 Years For Fraud

Peterson perpetrated fraud

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Premium Members Get EVEN MORE VALUE

Subscribe to Hedge Fund Alpha

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