THEY STOLE $4,600,000 FROM CHILDREN

In the first successful prosecution of a hedge fund in the United States, Mr. Young obtained a $4,600,000 verdict against a hedge fund who induced a trust to invest with gross misrepresentations that municipal bond arbitrage derivatives were a low-risk, high-yield secure investment. The trusts invested $6,000,000 and within four months had lost $4,600,000. At the end of the 30-day trial, the jury returned a verdict of $4,600,000.