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Cases / Trading, forex & commodities

Scronic Macro Fund

Michael Scronic

ReportedOct 5, 2017
LocationPound Ridge, NY
Amount$19,000,000

This entry summarizes public reporting and government filings. Charges and civil complaints are allegations unless a court has entered a conviction or judgment — check the source for the current status.

Company / entity
Scronic Macro Fund
Industry
Hedge fund (options trading)
How investors were recruited
About 45 investors solicited 2010-2017
Pitch & red flags
Claimed "positive returns in all but one of the 22 quarters" from 2012 to mid-2017, highest quarterly return 13.4%; false account statements

Pitch phrases from this case

Source

U.S. Department of Justice official

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