Ex-Hedge Funder Ordered to Return Family Firm’s $1 Million Ante

摘要

A family-run investment firm is entitled to recoup its seven-figure investment in an ex-hedge funder’s fraudulent scheme to fund a friend’s purchase of Celtic-themed sports bar franchisesinstead of putting the money into the market, a Delaware Chancery Court judge ruled.Vice Chancellor Sam Glasscock Ⅲ granted a bid by Sehoy Energy LP affiliates for the return of their $1.2 million investment, ordering Albert Adriani to make them whole after investing themoney in a friend’s purchase of Tilted Kilt locations rather than publicly traded stocks.He rejected a request by Adriani-who’s now “making a living driving a truck"-for “equitable consideration due to the straitened conditions he now endures.”