Hedge Fund Founder Charged in New York With Fraud Scheme Over Fund Performance Misrepresentation

U.S. authorities in the Southern District of New York unsealed a complaint charging VUK VUKOVIC, founder of the hedge fund Oraclum Capital LLC and chief executive and chief investment officer of the Orca Bason Fund, with securities fraud and wire fraud. The complaint says the case centers on a scheme to misrepresent fund performance to investors.

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Attorney for the Southern District of New York Jamie McDonald, FBI Assistant Director in Charge of the New York Field Office James C. Postal Inspection Service Inspector in Charge Ketty Larco-Ward.

The agencies said the complaint was unsealed in New York. VUKOVIC was presented yesterday before U.S.

The source provides no additional details on the alleged misrepresentation, investor losses, or any further court outcome. The filing identifies the case as securities fraud and wire fraud and names the hedge fund and fund management roles tied to VUKOVIC.

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