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Posted inNews

Investment debacle: Clients fear millions are at risk; Hughes Private Capital’s financial statements were ‘disconnected from reality’

One of Hughes Private Capital’s major funds is now in bankruptcy proceedings, and others are underwater, records show. The hundreds of fund investors include a multitude of family trusts in Nevada and other states—including folks who put their nest eggs into the investments, and seniors who used their dividends to pay for living expenses, including long-term residential care.

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