Angelo Haligiannis managed the

hedge fund A hedge fund is a pooled investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction, and risk management techniques in an attempt to improve performance, such as sho ...

Sterling Watters as a

Ponzi scheme A Ponzi scheme (, ) is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors. Named after Italian businessman Charles Ponzi, the scheme leads victims to believe that profits are comin ...

and pleaded guilty in 2005 of defrauding investors of tens of millions of dollars. He fled an expected 15-year jail term the day before his scheduled sentencing on January 11, 2006. He was recaptured on the island of

Crete Crete ( el, Κρήτη, translit=, Modern: , Ancient: ) is the largest and most populous of the Greek islands, the 88th largest island in the world and the fifth largest island in the Mediterranean Sea, after Sicily, Sardinia, Cyprus, and ...

in August, 2007, conditionally released by Greek authorities, and then arrested again in September of that year.

References

{{DEFAULTSORT:Haligiannis, Angelo American fraudsters Pyramid and Ponzi schemes Living people Year of birth missing (living people)