Moazzam “Mark” Malik SEC Complaint

Investment fraud lawyersMoazzam “Mark” Malik, Purported Hedge Fund Manager, Faces SEC Fraud Charges

Moazzam “Mark” Malik, a purported hedge fund manager in New York City, was charged by the Securities and Exchange Commission (SEC) with allegedly stealing money from his investors, according to recently released SEC documents.

Moazzam “Mark” Malik falsely claimed to be allegedly operating a hedge fund with roughly $100 million in assets under management while allegedly also soliciting investors with promises of consistently high returns, according to SEC documents.

Even though Malik raised $840,774 from investors, his fund allegedly never made tangible investments, and never held more than $90,177 in assets as Malik repeatedly took out the cash and spent it as his own, the SEC further alleges, and Malik has also reportedly refused or delayed the majority of redemption requests he has received from investors.

Moazzam “Mark” Malik Allegeldy  E-mailed Investors that He Was Dead, Used Investor Money to Pay for Harvard and Luxury Travel

Moazzam “Mark” Malik, furthermore, went so far as to invent a fictitious fund employee who supposedly sent one investor an e-mail claiming that Malik had died, the SEC alleges. The SEC also goes one to describe how Malik bankrolled a lavish lifestyle which included luxury travel, dining, jewelry, and continuing education courses at Harvard and his subscription to a matrimonial matching website.

Malik has been continuing to solicit investors amid the redemption requests, according to the SEC’s complaint filed in U.S. District Court for the Southern District of New York. The SEC further reports that Malik changed his firm’s name several times since its creation in 2010. Initially he called it Wall Street Creative Partners before changing it to Seven Sages Capital LP, and then American Bridge Investment Group LLC.  Most recently Malik named his firm Wolf Hedge LLC, according to the SEC.

The Peiffer Wolf Investment Rights Lawyers Often Represent Investors

The Peiffer Wolf investment rights lawyers often represent investors who lose money as a result of investment misconduct. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of investment misconduct may contact the investment rights lawyers at Peiffer Wolf, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 585-310-5140.

Broker: Moazzam “Mark” Malik

Status: INVESTIGATED by Peiffer Wolf.

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Peiffer Wolf (1316 Posts)

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.