Hedge Fund Founder Charged With Scheme To Misrepresent Fund Performance To Investors
· DOJ
United States Attorney for the Southern District of New York, Jamie McDonald, Assistant Director in Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), James C. Barnacle, Jr., and the Inspector in Charge of the New York Office of the U.S. Postal Inspection Service (“USPIS”), Ketty Larco-Ward, announced the unsealing of a Complaint charging VUK VUKOVIC, founder of the hedge fund Oraclum Capital LLC (“Oraclum”) and Chief Executive Officer and Chief Investment Officer of the Orca Bason Fund, L.P. (the “Orca Bason Fund” or the “Fund”), with securities fraud and wire fraud.
VUKOVIC was presented yesterday before U.S. Magistrate Judge Jennifer E. Willis.