||Michael Wolfgang Berger
|Date of Birth Used:
||November 13, 1971
|Place of Birth:
|Scars and Marks:
||Berger has ties to New York City,
Florida, the island of Dominica, and Austria. He may speak with
a slight Austrian accent.
Michael W. Berger is wanted for failing to appear at his
sentencing hearing on March 1, 2002, in New York City. Berger had
pled guilty to charges of securities fraud in November of 2000.
In 1995, Berger established a company called Manhattan Investment
Fund Ltd. (MIF) in New York City. MIF was a hedge fund opened
primarily to offshore investors having a minimum of $250,000 to
invest. Berger also established a subsidiary company that was open
to investors based in the United States. In approximately April of
1996, Berger began raising money for MIF and invested the money in
various trading programs. From 1996 through the end of 1999, MIF
raised over $575 million from investors.
Beginning in September of 1996, the value of MIF's assets began
to deteriorate significantly. Berger concealed the losses of the
fund by falsifying statements and other documents which were sent to
clients. These altered documents showed that MIF's performance was
much better than its actual performance. Altered documents were also
forwarded to MIF's auditors. By the end of 1999, Berger had lost
more than $400 million of MIF's money entrusted to him by investors.
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