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Hedge Funder Gets 4 Years After Stealing $2M From Investors
Law360 (May 14, 2021, 3:35 PM EDT) -- A Florida federal judge sentenced a hedge fund manager to more than four years in prison after hearing from victims, including a former close friend, who said he had shown little remorse for bilking them out of nearly $2 million and lying to them about the fund's success.
U.S. District Judge Robert N. Scola Jr. sentenced David C. Coggins, 42, to 51 months in prison for lying to about a dozen investors about the health of his fund Coral Gables Asset Management LLC and using the money for his own personal expenses.