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Damian Williams, the United States Attorney for the Southern District of New York, announced that JAMES VELISSARIS, the founder and former chief investment officer of Infinity Q Capital Management (“Infinity Q”), a New York-based investment advisor, the operated a mutual fund and a hedge fund allegedly with approximately $3 billion in assets under management pleaded guilty to securities fraud. VELISSARIS made false and misleading statements to investors and others regarding Infinity…
