"Hedge Fund" Founders Plead Guilty To Federal Charges For $4 Million Ponzi Scheme
CHARLOTTE, North Carolina – May 1, 2022: Dena J. King, U.S. Attorney for the Western District of North Carolina, stated that the owners of a phony "hedge fund" appeared in court today and pled guilty to federal charges of organizing a $4 million Ponzi scheme. Brandon Alexander Teague, 26, of Belmont, N.C., pled guilty to securities fraud and Austin Delano