Hedge fund exec accused of tricking charity so associate could repay loan

A former hedge fund executive lied to a UK charity so an associate could repay part of an $18 million loan owed to the tainted hedgie, according to a 10-count indictment unsealed Wednesday in Brooklyn federal court. Michael Cohen, 46, formerly of Och-Ziff Capital Management, duped the charity into buying stock in a mining company...

from New York Post http://ift.tt/2CDiYsz