Mark Malik, a New York hedge fund manager who allegedly faked his death and likened himself to a werewolf to intimidate an investor, may have been 'desperate' and 'immoral', but he did not commit a crime, his lawyer said Tuesday.
'He did a lot of bad things and wrong things and immoral things, perhaps. He didn't intend to steal', his lawyer Richard Verchick told a jury that will decide his fate in New York State Supreme Court.
'He misappropriated funds, that’s completely clear. But he’s not charged with that', Verchick said.
USA Today reports that Malik, 33, stands accused of perpetrating an elaborate scheme over four years to steal money from unsuspecting investors to spend on jewellery, electronics and even a dating web site.
He did this by lying about his investment returns, his Harvard education and his Wall Street expertise, Assistant New York Attorney General Shanon LaCorte told the jury Tuesday.
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