Black Diamond.

PositionStatewide - Michael Murphy, Jeffrey Toft and Keith Simmons sentenced - Brief article

WEST JEFFERSON -- Three hedge-fund managers were sentenced in federal court in Charlotte for their part in the $40 million Black Diamond Ponzi scheme. Chad Sloat of Kansas City, Mo., Michael Murphy of Deephaven, Minn., and Jeffrey Toft of Sioux Falls, S.D., must pay $8.45 million in restitution and serve 48 to 77 months in prison. A fourth defendant is...

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