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HEDGE FUND MANAGER PLEADS GUILTY TO DEFRAUDING FAMILY AND FRIENDS OF MORE THAN $2 MILLION

Manhattan District Attorney Cyrus R. Vance, Jr., today announced the guilty plea of CHRISTOPHER VULLIEZ, 37, for running a scheme that resulted in thefts totaling in excess of $2 million from approximately a dozen victims. VULLIEZ pleaded guilty to seven counts of Grand Larceny in the Second Degree, six counts of Grand Larceny in the Third Degree, one count of Scheme to Defraud in the First Degree, and ten counts of felony violations of the Martin Act (the New York State securities fraud law). VULLIEZ will also forfeit approximately $2.2 million, which will be distributed to victims.