Ok, so I'm a little late on this one:

SEC charges Global Crown with falsifying hedge fund returns

By Carolyn Pritchard
Match 30, 2006
Marketwatch

The Securities and Exchange Commission on Thursday charged the managers of securities broker and investment adviser Global Crown Capital LLC with fraudulently concealing from investors the trading losses of hedge fund Cogent Capital Management. The agency alleges that the principals of Global Crown sent misleading account statements to investors in the San Francisco-based hedge fund that falsely inflated the fund's performance. A hearing on the matter will be scheduled before an administrative law judge to determine whether remedial actions are appropriate, the SEC said.

The original clip appears here, at Marketwatch.com. Meanwhile, for its part, Global Crown vehemently denies the charges.

-- MDT