Karen is not a fraud.
H...M so what is it ! I guess genuine mistake... LOL
"The SEC claimed that these trades did not produce any actual profits for the funds but, rather, were designed solely to manipulate the high-water mark and generate incentive fees. According to the SEC, the firm and its principal would have earned almost no incentive fees but for the allegedly fraudulent trading patterns.
By the way no longer operating as a CPO according to NFA
SO if there was no fraud and the trading was so good why stop?
https://www.nfa.futures.org/BasicNet/Details.aspx?entityid=9VPANMdQyO8=
NFA MEMBER WITHDRAWN 10/31/2018
• COMMODITY POOL OPERATOR WITHDRAWN 10/31/2018
https://www.natlawreview.com/articl...hedge-fund-adviser-alleged-scheme-to-increase