2 Arrested, 1 At Large Accused Of Fraud In Hedge-Fund Scheme

``The three were accused of fraudulently soliciting people to invest in a purported hedge fund managed by a company they controlled called A.R. Capital Group Inc. Between 2003 and September 2006, A.R. Capital raised about $20 million from individual investors and about $18 million of those funds were wired to bank accounts in Ukraine.'' -- Another small-time scheme.