Man swindled $1 m from investors in Nevis ‘hedge fund’, claims SEC

By David Marchant

23 years ago

Topics

Keywords

Chabot Investments Peter Chabot Sirens Energy Sirens Investments The Synergy Fund

A 26-year-old man defrauded 14 investors of approximately $1.17 million through a scam involving a Nevis-registered “hedge fund”, according to a complaint filed in the United States by the SEC.Peter W. Chabot raised the funds from June, 1999 to December, 2001 but, instead of putting it into ‘The Synergy Fund’, he used it to fund his “extravagant lifestyle”, according to the complaint.

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