RSF Capital Fund Manager Ran $5 Million Ponzi Scheme, SEC Says

A hedge fund manager allegedly raised more than $5 million from approximately 20 investors in a Ponzi scheme, the Securities and Exchange Commission said in a complaint.

Chad Stickforth raised the assets through his company RSF Capital LP between December 2016 and September 2021. By April 2022, all the money that investors had piled into the purported hedge fund was gone, according to the complaint filed Tuesday in US District Court for the District of Colorado.

He misled investors that he would use their limited partnership interest investments to trade futures contracts, commodity interests, and options, while misappropriating most of ...