Texas Hedge Fund Fraudster To Be Sentenced

``Stuart Pippin pleaded guilty to wire fraud last year, admitting that his commodity trading pool, Pippin Investments, never actually traded anything. According to prosecutors and the Securities and Exchange Commission, Pippin raised $2 million for his hedge fund and told investors he’d doubled their money. He sent bogus account statements to investors and paid off some with other investors’ money between 2004 and 2005.''