New York Fund Manager Pleads Guilty in Investment Fraud Case

A New York fund manager has pleaded guilty to securities fraud, accused of lying to investors with promises of huge returns.

JAG Capital founder Joshua Goltry, 30, appeared in US District Court in the District of New Jersey on Wednesday and entered the plea. He also agreed to settle civil charges from the Securities and Exchange Commission.

Prosecutors allege Goltry obtained more than $3 million from investors by making false claims about JAG Capital’s track record, including falsely stating JAG had positive returns nearly every quarter from 2018 through mid-2020.

The SEC in its complaint said Goltry lost over $1.7 ...