Denver-area man accused in Ponzi scheme
GREENWOOD VILLAGE, Colo. – A hedge fund manager who claimed his investments never lost money even during the economic downturn threatened to kill himself and faces allegations that he ran a ponzi scheme.
Sean Mueller claimed assets of $122 million in one fund in December. Accounts from that fund seized by Colorado regulators Tuesday showed a balance of only $15 million.
A handwritten note found Thursday, when police rushed Mueller to a hospital after he threatened to kill himself, says that’s all that’s left.
The state accuses the 41-year-old Mueller of raising more than $20 million from three investors and that at least 30 more also may have made “substantial investments.”
Mueller owned Greenwood Village-based Mueller Capital Management.
Information from: The Denver Post, http://www.denverpost.com