According to Wall Street Journal report, Founder and managing member of NIR Group is being inquired by U.S criminal authorities for Roslyn, N.Y hedge fund, swindled investors about their investment returns and the holdings of his diverse funds. Authorities said that Corey Ribotsky, 38, has over $770 million under his belt, he also lied about the returns and the holding of an assortment of funds. People familiar with the matter said Corey Ribotsky and hi investment firm NIR Group has defrauded their investors, after slump struck the stock market.
People told the Wall Street Journal that United States Securities and Exchange Commission’s prosecutors, FBI and United States attorney’s office in Brooklyn, N.Y are all investigating that rather Mr. Corey Ribotsky told truth to their investors or lied about their stock prices following during market slump. According to the authorities Corey Ribtsky has not been charged for the offense yet.
However, Corey Ribotsky’s attorney did not commented but said that NIR Group, hedge-fund management and Corey ribotsky have no information of any legal investigations done by United States Securities and Exchange Commission’s prosecutors, FBI and United States attorney’s office. Whereas, both Federal Buru of Investigation and United States Attorney Office spokespersons also refuse to comment.
Corey Ribotsky
Corey Ribotsky
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