Related Federal Cases
- David Quatrella, Conspiracy to Commit Wire Fraud, Connecticut 2017 · Florida
- Federal Regulators, Lifel, Securities Fraud, California 2020 · Colorado
- Robert Terry Bruce, Wire Fraud, Connecticut 2016 · Washington
- David Rivera, Election Fraud, Tennessee 2016 · Washington
- Ian Parker Bick, Wire Fraud and Money Laundering, Connecticut 2015 · Rhode Island
Three Hedge Fund Executives Charged with Securities Fraud in Connecticut
David B. Fein, United States Attorney for the District of Connecticut, and Kimberly K. Mertz, Special Agent in Charge of the New Haven Division of the Federal Bureau of Investigation, announced that a federal grand jury has returned a 19-count indictment charging three executives of New Stream Capital, LLC, with conspiracy, securities fraud and wire fraud offenses.
The indictment alleges that David Bryson, 44, of Ridgefield; Bart Gutekunst, 61, of Weston; and Richard Pereira, 40, of Ridgefield, orchestrated a scheme to deceive investors in order to obtain and maintain investments.
The defendants, who are managing partners and principals at New Stream Capital, LLC, surrendered to the FBI in New Haven on February 26, 2013. Bryson and Gutekunst were released on $5 million bonds, while Pereira was released on a $300,000 bond.
Each of the defendants is charged with one count of conspiracy, 10 counts of securities fraud and eight counts of wire fraud. The conspiracy charge carries a maximum term of imprisonment of five years, and the securities fraud and wire fraud charges carry a maximum term of imprisonment of 20 years on each count.
This matter is being investigated by the Federal Bureau of Investigation and the U.S. Department of Labor, Office of Inspector General, with the assistance of the Securities and Exchange Commission.
The case is being prosecuted by Assistant United States Attorneys Liam Brennan and Michael S. McGarry. The defendants are scheduled to appear before U.S. Magistrate Judge Donna F. Martinez in Hartford to enter a plea.
This is a developing story, and we will provide updates as more information becomes available. Our thoughts are with the victims and their families during this difficult time.
Key Facts
- State: Connecticut
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
ðŸâ€Â’ Get the grimiest stories delivered weekly. Subscribe free →
MORE FEDERAL CRIME NEWS
US NewsUS NewsUS NewsUS News