Kirk Wright Arrested, Facing Prosecution on Fraud Charges

Kirk Wright, the head of defunct hedge fund International management Associates has been arrested in Florida in relation to a February bench warrant issued by a Georgia judge. Wright has been on the lam since it was revealed that he had bilked his investment clients, including several celebrity atheletes, out of $100 million or more.

Thanks to Peter Higgins at 1SecureAudit for the tip.

-- MDT