A former broker in New York City has been charged with orchestrating massive fraud.
Since 2011, Dean Mustaphalli caused 58 New York investors to invest a total of more than $11 million in his hedge fund. About $10 million of that money was lost when Mustaphalli engaged in a highly risky trading strategy that was not consistent with his clients’ investment profiles and objectives, according to a criminal indictment unsealed on Wednesday.
