Ponzi Accusations For MC2Capital Management, Yasuna Murakami and Avi Chiat

Regulators have accused Yasuna Murakami and Avi Chiat, and their companies that the two managed, MC2 Capital Management and MC2 Canada Capital Management, of defrauding more than 50 investors by raising more than $15 million and then misappropriating funds in a ponzi-like fashion. According to the Securities and Exchange Commission (SEC), Murakami and Chiat allegedly defrauded more than 50 investors in three hedge funds run through their businesses. The hedge funds are MC2 Capital Partners LLC, MC2 Capital Value Partners and the MC2 Capital Canadian Opportunities Fund LLC. Allegedly, Murakami and Chiat lied to investors about the funds’ performance, falsified account statements, falsified tax documents, falsified performance letters and provided misleading communications to investors. They allegedly continually misled investors into believing they had invested in legitimate and profitable ventures, when, in reality, they engaged in unprofitable trading that lost more than 70% of the money raised for their first hedge fund in less than two years. The SEC further alleged that Murakami stole more than $8 million fro investors for almost a decade, and that he used $1.3 million of investor funds to make ponzi-like payments to earlier investors. He was arrested and accused of misappropriating millions of dollars from investors and engaging in a ponzi-like scheme by the Department of Justice. If you would like more information on how you can recover yours losses with Murakami and Chiat, and their companies, please call us today. We may be able to help you recover your losses on a contingency fee basis.