Articles Tagged with MC2 Capital

Massachusetts Secretary of the Commonwealth William Galvin has filed a securities fraud complaint against MC2 Capital. The state regulator is accusing the Boston-area hedge fund of running a Ponzi scam involving three hedge funds: the MC2 Capital Partners Fund, the MC2 Capital Value Partners Fund, and the MC2 Canadian Opportunities Fund. Alleged victims included a local institutional investor that invested $2M.

Galvin has taken action to bar the three MC2 Capital funds along with their fund operator Yasuna Murakami, from engaging in further securities business in Massachusetts. Murakami purportedly took more than $15M from over 45 investors.

He allegedly used investors’ money pay for luxury hotels, alcohol, specialty cars, and other personal expenses. The MC2 Capital Partners Fund, which was the original fund and founded in 2007, was marketed primarily to friends and family. Within a year of operation, however, the fund’s balance was negative and investors’ equity was erased.

Continue Reading ›