Brian Callahan

Brian Callahan (Source: Newsday, James Carbone)

On April 29, 2014, Brian Callahan pleaded guilty to running a $96 million fraudulent “Fund of Funds”. He raised $118 million from at least 40 investors between 2006 and 2012 to be invested in mutual funds, hedge funds and other securities. Callahan used the money for his own benefits, including buying a luxurious houses and cars.

The case is U.S. v. Callahan, 13-00453, U.S. District Court, Eastern District of New York.

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