http://www.courthousenews.com/2010/03/30/25973.htm SACRAMENTO (CN) - A family says three men ran a bogus hedge fund that cheated them of $8 million. They say the Black Card Group may never have existed at all, that if it did exist it's in default, and that its directors, Ethan Conrad, Frank Sim and Harrold Pressly, spent their money on luxury vehicles and resort property.
