NEWwbztv-small wbz-am-small 985-small mytv38web2

Local

Feds Pull The Plug On Alleged Cambridge Investment Scammer

By Anthony Silva, WBZ NewsRadio 1030 New England Business Editor
View Comments
WBZ Radio Mic
420x316-grad-silva Anthony Silva
Anthony Silva is co-host of the WBZ Afternoon News heard each wee...
Read More

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

BOSTON (CBS) – A Cambridge investment fund that’s less than a year old has been ordered closed down and frozen by a federal judge.

Investigators found the operation to be a scam.

An investigation showed that Locust Offshore Management, L.L.C. did not have operations in the Virgin Islands as claimed, nor did its principal ever graduate from Harvard as he claimed.

The head of the S.E.C. Boston office, David Bergers, says 27-year-old Andrey Hicks actually flunked out of Harvard.

Listen to the report


View Comments
blog comments powered by Disqus