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Yasuna Murakami—Ponzi Scheme Investigation

|Includes: MURAKAMI CORP ORD (MKMIF)

Yasuna Murakami Allegedly Operated a Ponzi Scheme Which Allegedly Took in $15.3 Million from 47 Investors; Investor Right Attorneys Investigating

Yasuna Murakami, a Boston-area fund manager, allegedly operated a Ponzi scheme which allegedly took in $15.3 million from 47 investors, according to a Complaint from the Massachusetts Division of Securities currently under review by Peiffer Rosca Wolf attorneys Alan Rosca, Joe Peiffer, and James Booker.

Several Peiffer Rosca Wolf securities practice lawyers are investigating investment recovery options on behalf of investors in Murakami - operated hedge funds such as MC2 Capital Canadian Opportunities Fund, MC2 Capital Partners, and MC2 Capital Value Partners. Investors who believe they may have lost money in Murakami's MC2 Capital Canadian Opportunities Fund and his other hedge funds are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

The Complaint against Murakami and several entities he controlled alleges that the real trouble began with "devastating early trading losses in the Partners Fund", the Complaint notes.

Said Complaint further alleges that Yasuna Murakami ran MC2 Capital of Cambridge, Massachusetts, which allegedly targeted an unnamed institutional investor from the Boston area who put $2 million into the purported scheme, according to the Office of Secretary of the Commonwealth of Massachusetts, William Galvin.

Yasuna Murakami and his MC2 Capital's hedge funds are now facing the fact that they may be barred by William Galvin and the Massachusetts Division of Securities.

Galvin describes the case as representing "a classic example of a shell game of moving the money from one investor to another with some left over to fatten the coffers of the money manager", according to reports from Massachusetts.

The story begins in 2007 when Murakami purportedly started his hedge fund with the MC2 Capital Partners fund, the Complaint notes.