[Reuters] Fund manager gets 11 years for Facebook, Groupon shares scam

Posted by: UGN Security

[Reuters] Fund manager gets 11 years for Facebook, Groupon shares scam - 06/21/13 10:48 AM

NEW YORK (Reuters) - Former fund manager John Mattera was sentenced to 11 years in prison on Friday, after pleading guilty of defrauding investors of $13 million with a story that he put their money in Facebook Inc and Groupon Inc shares before the companies went public.