Nathanael Anthony Aikman has been sentenced to four years in jail and ordered to pay a $3.9-million fine for defrauding investors in his former hedge fund, Yonge Street Capital LLC
Nathanael Anthony Aikman was sentenced on Monday to four years in jail and ordered to pay a $3.9-million fine for defrauding investors in his former hedge fund, Yonge Street Capital LLC. The Ontario Securities Commission told The Globe and Mail on Tuesday that Mr. Aikman did not appear for sentencing and the regulator intends to seek a Canada -wide warrant for his arrest.
“Mr. Aikman admitted that he fabricated the returns generated from his trading activity,” the OSC said in a news release on Tuesday. “A significant percentage of the money obtained by this fraud was used by Mr. Aikman for purposes unrelated to YSC’s business, and to the detriment of investors.” “The division of labour was that Aziz and Khan would secure funds, mostly through friends and family, and Aikman would be responsible for managing funds and investments,” the 2021 OSC statement said. “Only Aikman had access to YSC’s brokerage account.”
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