Hedge Fund Trader Gets Four-Year Jail Term for Faking Returns

A trader in Canada received a four-year jail sentence after accepting millions of dollars from investors, then giving them false information about their returns.

An Ontario court handed down the penalty to Nathanael Anthony Aikman, who pleaded guilty in November to fraud and trading securities without registration. He has also been ordered to pay restitution of more than C$3.9 million ($2.9 million).

Aikman was one of the founders of Yonge Street Capital LLC, which purported to be a hedge fund that invested in various securities and cryptocurrencies, according to a Tuesday statement from the Ontario Securities Commission. Over ...