Hedge Fund Manager for Global Money Management LP Embezzles Millions -
We Can Help You Recover Your Losses
The SEC has frozen the remaining assets of
Global Money Management LP, a La Jolla, CA based hedge fund with substantial connections
to the San Francisco Bay Area.
Fund manager Marvin I. Friedman may have raised, and either lost or stolen, more than $100
million of investors’ money. The SEC has alleged that the fund had less than $500,000 in
assets left by late last year.
Freidman, who has been running the hedge fund since 1993, was barred from the securities
industry in 1996 for misappropriating funds from a limited partnership he set up with a
customer. This fact was not disclosed in the offering materials for the Global Money
Some of the money missing from Global Money Management was raised by Zenith Capital, LLC.
a Santa Rosa based investment advisor. Freidman, through a company called LF Global
Advisors, LLC was an investor in Zenith.
Investors Recovery Service in Novato, CA has been contacted by individuals who
invested in Global Money Management. We are already in the process of helping them recover
If you have lost money in this fund, another hedge fund, or with another
investment advisor, contact us as soon as possible to learn how we may be able to help you
recover your investment losses.
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