John H. Whittier, the former head of defunct hedge fund Wood River Capital Management was arraigned in New York this week on charges stemming from the $88 million securities fraud he perpetrated on investors in 2004 and 2005. The SEC originally filed civil charges against Whittier and WRC back in October 2005. Whittier could serve as much as 20 years on each count.

-- MDT

Labels: Fraud, hedge fund, John Whittier, Wood River Capital