Kirk Wright's Kirk Wright's by wuzhenguang


									                                                                                                  B l o o m b e r g M a r ke t s
                                                                                                  October 2006                     125

         Kirk Wright’s
Football players, doctors and retirees invested more
than $100 million in a suburban Atlanta hedge fund,
lured by the promise of fat returns.
Now the money is gone.
By Monée Fields-White

‚When the FBI finally caught up with hedge fund manag-          claimed to make on investments that he asked to join the
er Kirk Wright, he was lounging by the pool with his wife,      firm as a client liaison. Atwater, who turns 40 on Oct. 28,
Kilssis, at the Ritz-Carlton hotel in Miami’s South Beach       brought in six other former football players, who invested a
neighborhood. In his room, the Federal Bureau of Investi-       total of almost $20 million. All the money is now gone, Atwa-
gation agents discovered debit cards and an ID card with a      ter says, shaking his head. “In my wildest dreams, I never
different name—one of three aliases Wright used while in        thought he was stealing the money,” says the former defen-
Florida. They also found $28,000 in cash, a vestige of inves-   sive back for the Denver Broncos and New York Jets.
tors’ funds estimated at $185 million, according to a sworn        The tale is all too familiar to the roughly 500 people who
affidavit from FBI Special Agent William Cromer Jr.             invested with Wright, from a Los Angeles real estate develop-
    Wright, 36, now faces 24 federal charges of mail and se-    er to a 74-year-old retired car salesman in Las Vegas, to
curities fraud, each carrying a maximum sentence of 20          Wright’s own mother, who’s not a plaintiff in the suits. Stand-
years behind bars. He’s pleaded not guilty. He and the hedge    ing just less than 6 feet (1.8 meters) tall and sporting a
fund company he founded, Marietta, Georgia–based Inter-         trimmed goatee, Harvard-educated Wright told his clients he
national Management Associates LLC, also face a fraud           could bring them annual returns in the region of 27 percent
lawsuit by the U.S. Securities and Exchange Commission          by short selling stocks. He wooed them in seminars in Las
and at least three separate lawsuits from investors and for-    Vegas, at the hospitality suite at Atlanta Falcons football
mer business partners.                                          games and at parties at his suburban home, which had a pool
    These include former pro football player Steve Atwater,     and three fountains.
who was so impressed with Wright and the returns he                “Kirk was a polished, young black man who was trying to

                                                                PHOTOGRAPH BY BITA HONARVAR/ATLANTA JOURNAL-CONSTITUTION
          B lo o m b e r g M a r ke t s
126       October 2006                                                              WRIGHT’S RAZZLE-DAZZLE

                                                                                                           Associates, and they helped him tap into a
                                                                                                           network of wealthy physicians in Atlanta.
                                                                                                              In their March 31 lawsuit, the pair say
                                                                                                           they were duped and lost $1.5 million.
                                                                                                           Bond and Harper decline to comment,
                                                                                                           says Stephen LaBriola, their attorney. The
                                                                                                           two doctors haven’t been charged with
                                                                                                           any wrongdoing.

                                                                                                                            he roster of investors expand-
                                                                                                                            ed as word about the fund’s suc-
                                                                                                                            cess spread to include business
                                                                                                                    executives, rich retirees and profession-
                                                                                                                    al athletes. “People grow lax in their due
                                                                                                                    diligence,” says Ivan Thornton, manag-
                                                                                                                    ing partner at New York–based Fidu-
                                                                                                                    ciary Management Group LLC, which
                                                                                                                    manages money for athletes and enter-
                                                                                                                                tainers. “Everything they read
                                                                                       Steve Atwater                            about hedge funds talks about
                                                                                       Former NFL defensive back,
                                                                                                                                them making high returns,
                                                                                       40                                       and people feel like they are
      do something,” says Horace Noble, 74, who was the first black                                                             missing out.”
                                                                                      ‘In my wildest
      station commander of the Cook County, Illinois, sheriff ’s of-                                                               Wright gained some legiti-
                                                                                       dreams, I never
      fice in 1963. “So, I put some money in there to help him, and                                                             macy by having the two doctors
                                                                                       thought he was
      to get a boost myself.                                                                                                    on board, says James Ellner, an
                                                                                       stealing the money.’
          “In the end, Kirk only cared about one color—green,” adds                                                             Atlanta-based anesthesiologist
      Noble, who lost almost $1 million when Wright’s firm col-                                                                 and IMA investor, who has
      lapsed. In fact, most of Wright’s clients were not black, Atwa- known Harper since 1992. “Everyone looked up to Wright as
      ter says.                                                                     this brilliant guy,” Ellner says. “He was showy.” Federal court
          The SEC, in its Feb. 27 fraud lawsuit, alleges that since at records show Ellner lost about $100,000. Ellner declined to
      least 2003, Wright falsified statements about the amount of confirm that figure.
      the firm’s assets and inflated the rates of return for the seven                   Wright and Bond were also registered as acceptable fi-
      hedge funds under his management.                                             nancial advisers by the National Football League Players
          Nearly all of the money invested with Wright may be lost, Association, the players’ union, Atwater says. Atwater and
      according to the SEC suit. William Perkins, the state and the other players sued the NFL and the players’ union on
      federal court–appointed receiver, has recovered $6.3 mil- June 23 for recommending unfit financial advisers. “They
      lion so far—including about $1 million from the sale of fumbled,” Blaine Bishop, a former Philadelphia Eagles and
      Wright’s home. “There was a large                                                                                 Tennessee Titans safety who also
      amount of money that traveled through
      these accounts over the years,” says Per-
                                                            �������������                                               worked for IMA, said of the NFL and
                                                                                                                        the union at a news conference when
      kins, a partner at William G. Hays &            ���������������������������������                                 the suit was filed.
      Associates LLC, an Atlanta-based con-           �������������������������������������                                The players want to be reimbursed
      sulting firm that specializes in bank-                                                                            for their $20 million in losses and to
      ruptc y administration and fraud                �������������������                       �����������             see the union improve its screening of
      investigation. “But after all of the ex-        ����������                                   ������               fund managers. NFL spokesman Brian
      penses, losses and consumption                  �������                                      � ����               McCarthy says the claims are unfound-
      throughout that period, there was               ������                                       � ����               ed and declined to comment further.
      never a significant balance.”                   ���������������                              � ����               Dana Hammond, director of the NFL-
          Wright is also being sued by his two        ������                                       � ���                PA’s financial advisers program, didn’t
      former partners, Nelson Keith Bond              �����������                                  � ���                return phone calls seeking comment.
      and Fitz Harper Jr., both Atlanta-area          ����������                                   � ���                   Wright told his investors that he
      anesthesiologists. The two doctors met                                                                            was achieving phenomenal returns on
                                                                                                                                                                  ANN STATES

                                                      ��������������������                         ������
      Wright in 1998 when they were running                                                                             their investments by short selling a
      a clinical practice, Axis Anesthesia ����������������������������                                                 particular stock. That exposed them to
         B lo o m b e r g M a r ke t s
128      October 2006                                                   WRIGHT’S RAZZLE-DAZZLE

   extreme risks, according to an
   order in February by Superior
   Court Judge Jackson Bedford
   freezing the assets of IMA
   and Wright. A short sale is
   the sale of borrowed shares
   that the investor is commit-
   ted to repurchase eventually.
   Investors use short sales to
   capitalize on an expected de-
   cline in the security’s price.
   Wright had $30.5 million in
   trading losses, Perkins says.
       The rest he likely used for
   personal purchases, including
   more than $6 million in real
   estate, jewelry and art, all of
   which is being sold. “We are
   going to try and retrace all of
   the money and recoup those         Wright, left, then Cleveland Mayor Jane Campbell, and Wright’s partner Phil Davis, second from
                                      right, at the opening of their Cleveland eatery in 2003. The restaurant closed five months later.
   assets as much as possible,”
   says Mark Kaufman, partner at McKenna Long & Aldridge Taurus Fund, Growth & Income Fund and Sunset Fund—total-
   LLP in Atlanta, the firm representing the investors’ commit- ing less than $15 million, according to the doctors’ suit. Harper
   tee in IMA’s bankruptcy.                                                and Bond invested and began referring friends and family
       Wright, who pleaded not guilty at his arraignment on members to Wright, their lawsuit says.
   July 13, is in an Atlanta jail awaiting trial. His court-ap-

   pointed lawyer, Virginia Natasha Perdew-Silas, didn’t re-                      hey set up seminars for their doctor friends at which
   turn repeated calls for comment. Jacob Frenkel, the attorney                   Wright would court potential clients. Noble, a retired
   for Wright and IMA in the SEC case, says “the charges are                      owner of a Lincoln-Mercury dealership, went with a
   of such seriousness that resolution would be in the interests friend to one such seminar in Las Vegas on a September eve-
   of all parties.”                                                        ning in 1999. More than 25 people, mostly physicians, gath-
       It’s a long way from the Bronx, New York, where Kirk ered in a hotel conference room, Noble says. Wright praised
   Wright grew up and was a bright and polite young man, ac- the success of his company’s funds, using charts and graphs
   cording to a person who knew him then. He earned a bach- on a video screen. “He’s a silver-tongued devil,” Noble says.
   elor’s degree in political science from Binghamton                         In November 1999, Noble made his first investment of
   University, which is part of the State University of New York $140,000. He deposited an additional $336,000 during the
   system, in 1993. Two years later, he received a master’s de- first half of 2000 after receiving statements showing a
   gree in public policy from Harvard University’s Kennedy 3 percent jump each month. Wright eventually rolled all of
   School of Government.                                                   Noble’s money into the Platinum fund. According to the
       Fresh out of Harvard, Wright joined Kaiser Associates, a fund’s marketing materials, “It seeks to capitalize volumet-
   Washington-based corporate consulting firm, as a vice pres- rically on a few select opportunities characterized by mod-
   ident. A year later, while still in his mid-20s, he founded erate to high valuations, compelling business fundamentals
                                                                           and strong management teams.”
                                                                              That language should have been a red flag for investors,
  Wright told his investors he was                                         Thornton says. “If you have jargon-laced speech like this,
  achieving phenomenal returns                                             that usually means you’re covering something up,” he says.
  by short selling stock.                                                     By 2000, Wright had moved to Atlanta, where Harper
                                                                           and Bond were based. The city at the time was a boomtown.
                                                                           From 1990 to 2000, its population grew by 1.15 million
   International Management Associates in the basement of his to 4.1 million, according to the Metro Atlanta Chamber
   home in Manassas, Virginia, 32 miles southwest of Washing- of Commerce. Almost two-thirds of that growth was due
                                                                                                                                           RODNEY L. BROWN

   ton. Wright shared the home with his first wife, Kasandra to newcomers.
   Pantoja, with whom he had four sons.                                       Wright, who worked from the ground floor of a glass office
       By the time he met Harper and Bond in 1998, Wright had a tower in suburban Marietta, 13 miles north of Atlanta, adopt-
   small group of investors in his three hedge funds—the ed a high-profile lifestyle. He rented corporate suites at
                                                                                                        B l o o m b e r g M a r ke t s
                                                                                                        October 2006                     129

                                   Atlanta Hawks basketball and Falcon football games, bring-
                                   ing along potential clients. He also bought a vintage 1967
                                   BMW 2000CS, a 2000 Jaguar Coupe XK8 and a gray 2003
                                   Aston Martin two-door coupe.
                                       Wright moved into a four-bedroom, three-bath, stucco
                                   and brick home at the end of a cul-de-sac in Marietta. Then
                                   he doubled the size of the house, adding a vaulted marble-
                                   floor family and entertainment room, with a curved-glass
                                   staircase and cathedral-like window that overlooked the
                                   pool and backyard fountains. “He often said it was his
                                   dream home,” says former neighbor Evelyn Kernachan,
                                   who has lived in the quiet Turtle Lake Court neighborhood
                                   for 27 years. “He was engaging and personable, but at times
                                   he could be inconsiderate of his neighbors.” She says the
                                   vehicles of construction workers blocked her mailbox
                                   and driveway.
                                       Harper and Bond official-
                                   ly joined IMA in November
                                   2000, while still practicing
                                   medicine on a par t-time
                                   basis. Harper—who had no
                                   background in finance—
                                   became chief financial offi-
                                   cer, while Bond became the
                                   chief operating officer. Dur-
                                   ing the next four years, the
                                   doctors helped Wright open
                                   offices in Las Vegas, New
                                   York and Los Angeles, where
                                   they hired Thomas Birk, who
                                   previously worked in the
                                   marketing department of
                                   Lehman Brothers Holdings
                                   Inc., as managing director.
                                       Wright began investing in
                                   other business ventures out-
                                   side of IMA , including a
                                   Southern-style restaurant in
                                   Cleveland, that later failed.
                                   In partnership with GTO Development LLC, a Santa Mon-
                                   ica, California–based real estate developer, he entered into
                                   a deal to develop condominiums in Los Angeles and Lake
                                   Arrowhead, California.
                                       GTO’s principal, Roger O’Neal, also invested in IMA. He
                                   says he wanted to withdraw money from his IMA accounts to
                                   fund the projects. Wright discouraged him from doing so and
                                   told O’Neal that IMA would put up $6 million toward the

                                   condominiums. “Kirk said he wanted to diversify some of his
                                   high-net-worth clients,” O’Neal says.
                                       The properties have been seized by Perkins, the liquidator.
                                   “It was just a scam,” says O’Neal, who lost $13.5 million. “He
                                   wanted to invest my own money in my own company. Not only

                                    Wright’s home in Marietta, Georgia, with three fountains and
                                    a cathedral-style window, sold for $1 million at auction in July.
          B lo o m b e r g M a r ke t s
130       October 2006                                                    WRIGHT’S RAZZLE-DAZZLE

                                                                            statement for the first month showed a 9.39 percent gain, or
                                                                            $140,000. The jump seemed so unreal to him that he called
                                                                            Bond to make sure the numbers were correct. Atwater’s bal-
                                                                            ance continued to grow, by 4.6 percent in September, 4.4
                                                                            percent in October, 7.3 percent in November and 2.5 percent
                                                                            in December.
                                                                               Atwater began telling his football buddies about IMA, in-
                                                                            cluding Bishop, 36, with whom Atwater competed in the
                                                                                                     1995 and ’96 Pro Bowls, the NFL’s
                                                                        Roger O’Neal                 all-star games. Atwater also spoke to
                                                                        Real estate developer,       Ray Crockett, 39, who’d played with
                                                                        49                           Atwater in the Denver Broncos back-
                                                                       ‘It was just a scam.          field for four years, winning the
                                                                        He wanted to invest          Super Bowl in ’98. Bishop, who in-
                                                                        my own money in              vested in late 2004, and Crockett,
                                                                        my own company.              who invested in January ’05, de-
                                                                        Not only did I get           clined to comment.
                                                                        victimized person-               In December 2004, Atwater met
                                                                        ally, now I’m be-            Kirk Wright for the first time, when
                                                                        coming a victim in           Wright invited Atwater’s family to
                                                                        my business.’                his hospitality suite during a Falcons
                                                                                                     game. Atwater recalls Wright mak-
                                                                                                     ing his way around the room, shak-
                                                                            ing hands and chatting with each guest. Wright talked to
                                                                            Atwater about IMA’s future and said that he was thinking
      did I get victimized personally, now I’m becoming a victim in about buying an NBA basketball team. “The first impression
      my business.”                                                         I got from him was that he was a really sharp guy,” Atwater
                                                                            says. “He really put on a good show that day.”

              uring this time, Harper and Bond repeatedly asked                In early 2005, Atwater approached Bond about working
              Wright to let them see the brokerage statements at the firm. Atwater, who owned some commercial properties
              showing how IMA was investing its money, accord- in Southern California, told Bond he wanted to help other
      ing to their lawsuit, filed on March 31, in Superior Court in players with their post-career investments.
      Fulton County, Georgia. At the start of 2004, Harper and                 Bond liked the idea, and in March, Atwater joined as a
      Bond began pushing Wright to start a new company that
      would offer more transparency, according to their lawsuit.
      The new firm, called IMA Adviso-
      ry Group, hired Lehman Brothers as            Horace Noble
      its prime broker and a certified pub-         Retired car dealer,
      lic accountant, Kenneth Turchin, to           74
      manage the company’s books. Wright          ‘He’s a silver-
      was the principal trader.                     tongued devil.’
          It was in May 2004 that Atwater,
      who holds a bachelor’s degree in fi-
      nance and banking from the University of Arkansas, heard
      about IMA from one of its clients at a conference for entre-
      preneurs in San Antonio, he says. The investor gave the foot-
      ball player Bond’s number. Atwater invited Bond to his
                                                                                                                                              JOE TORENO (TOP), MOJGAN AZIMI

      Duluth, Georgia, home, which is located in the Sugarloaf
      Country Club community, and they played a round of golf
      and talked about money. “I didn’t hit the ball that good but
      we did hit it off pretty good,” Atwater says.
          Atwater trolled through information about the funds. He
      noted that Wright was registered with the players’ union.
      “We felt comfortable,” Atwater says.
          At the start of August, Atwater invested $1.5 million. His
          B lo o m b e r g M a r ke t s
132       October 2006                                                  WRIGHT’S RAZZLE-DAZZLE

                                                                                                    his client available for comment.
                                                                                                       Shortly after that, the football
                                                                                                    players called a personal foul. Atwa-
                                                                                                    ter says Wright, Bond and Harper
                                                                                                    stopped coming to the office. Rod
                                                                                                    Smith also spotted errors in the bal-
                                                                                                    ances on his account statements.
                                                                                                    Atwater and Bishop wanted more
                                                                                                    information about the funds and
                                                                                                    asked to see the broker statements.
                                                                                                    Wright refused, claiming they were
                                                                                                    proprietary information.
                                                                                                            “I assumed that once I got
                                                                                                        my license that it wouldn’t be
                                                                           Calvin Paris                 an issue, but I was wrong,” says
                                                                           Retired businessman,
                                                                                                        Atwater, who became a li-
                                                                                                        censed investment adviser in
                                                                          ‘Kirk is worse than           July 2005.
                                                                           greed. He took                   Regulators also began ask-
                                                                           people’s money               ing questions. In September,
                                                                           that didn’t belong           the SEC and the New York State
      client liaison at IMA Advisory Group. Bishop followed in             to him.’                     attorney general’s office request-
      May 2005. In a shared office, the two former football play-                                       ed the company submit account
      ers spent several months studying to become registered            statements for review, the doctors say in their lawsuit. Wright
      investment advisers.                                              seemed concerned by the requests, and stood before the staff
          Over the summer, the pair recruited more former NFL           and warned that they all must cooperate with the SEC, Atwa-
      players as investors. They added Terrell Davis, who turns 34 on   ter recalls. “This just seemed strange because I kept thinking,
      Oct. 18, a former Denver Broncos all-star running back; Al        ‘I don’t have any part in the documentation,’” Atwater says.
      Smith, 42, a former Houston Oilers all-pro linebacker; and        “This was all Kirk.”
      Clyde Simmons, 42, a former defensive end for five teams,

      including the Philadelphia Eagles. The only active NFL player                 illiam Hicks, SEC Atlanta district trial counsel,
      to invest was Rod Smith, 36, a Broncos wide receiver.                         wouldn’t comment on how long the agency has
          Later that summer, Turchin began asking questions about                   been investigating the hedge fund. Brad Maione,
      IMA’s books. In an Aug. 23 e-mail message to Harper, a copy       a spokesman for the New York attorney general’s office, de-
      of which is included in the SEC court case, the accountant        clined to comment.
      said there were inconsistencies in the brokerage statements           In October, Atwater and Bishop met with Wright, Bond,
      produced by Lehman Brothers and Bisys Group Inc., a Rose-         Harper and Birk, who had come from the Los Angeles of-
      land, New Jersey–based company that executed and admin-           fice. They talked about the status of the SEC review, and
      istered trades for Wright, and those sent to investors.           Wright came with a copy of statements for four TD Ameri-
          For example, Turchin wrote, Lehman and Bisys reported         trade Holding Corp. accounts, showing a total balance of
      a 24 percent loss for two funds during the period ended on        about $155 million. Atwater says seeing the statements alle-
                                                                        viated his doubts.
                                                                            And on Oct. 22, Atwater and Bishop attended Wright’s
  At Wright’s second wedding, the                                       wedding to Kilssis Delos Collado, whom Wright had met
  bride flashed an engagement ring                                      in 2002 when she was a part-time hostess at Georgia
  worth more than $50,000.                                              Brown’s restaurant in Washington. Wright’s four sons from his
                                                                        first marriage were in the wedding, held at St. Luke’s Episcopal
                                                                        Church in Atlanta. The bride flashed an engagement ring worth
      March 31, 2005. IMA told investors the same two funds             more than $50,000, according to Perkins, the liquidator.
      gained more than 6 percent in the period.                             The reception was held in the backyard of Wright’s home,
         “There is no validation of fund performance for IMA and        where the newlyweds shared the traditional first dance on a
      IMAAG funds,” Turchin wrote. “The portfolio manager is the        platform that stretched across the pool, says Calvin Paris, 75,
                                                                                                                                             JOHN ABBOTT

      only person authorized to trade the funds and is the only per-    an IMA investor who attended. Guests feasted on a seafood
      son receiving broker statements.” The portfolio manager was       buffet that included shrimp and lobster and on a dessert
      Kirk Wright. Turchin’s lawyer, Jason Brown, declined to make      buffet. Bartenders served champagne from three bars
          B lo o m b e r g M a r ke t s
134       October 2006                                                     WRIGHT’S RAZZLE-DAZZLE

      sculpted from ice. “It was ostentatious to a fault,” Paris says.     the funds wouldn’t be available for 14 days, so he went there
      “I can’t understand how anybody can do that, knowing full            to ask about the long wait and retrieve a copy of the check.
      well they are not only deceiving themselves but their inves-            To his surprise, the check had been drawn not from IMA
      tors and family.”                                                    accounts but from one held by a business partnership Wright
          “Kirk is worse than greed,” Paris adds. “He took people’s        had with Willie Clay, a former safety for several teams, in-
      money that didn’t belong to him.”                                    cluding the New England Patriots. Clay’s signature was
                                                                           forged on the front of the check and Atwater’s signature was

              twater, who says he didn’t know about the Turchin e-         forged on the back, the players’ lawsuit says. “When I saw the
              mail, began to get uneasy again. He says Bond began          check, I was sick,” Atwater says. The check bounced, he says.
              avoiding meeting with him. On Dec. 5, Atwater, Bish-         Clay didn’t return phone calls.
      op and the other NFL players requested their money back.                Atwater began calling the other football players. Now, he
      Wright, Harper and Bond tried to convince them to do oth-            says, he has little hope they’ll find any large sum. The SEC
      erwise, telling them of future goals of growing into a $300          lawsuit says IMA’s Ameritrade accounts, which Wright told
      million company, Atwater says.                                       Atwater had held $155 million, in reality held less than
         On Dec. 27, Atwater says, the players received letters stat-      $150,000. “None of us were thinking it would happen this
      ing they would get their funds in less than 21 days. By Jan.         way,” Atwater says.
      23, they hadn’t received any money. Wright had long before              At Wright’s home in Marietta shortly after his arrest, little
      stopped showing up at the office, and now he didn’t return           was left of the grand life he once led. Clothes were strewn across
      phone calls. Atwater and Bishop drove to Turtle Lake Court           the bedroom floor, furniture was slashed and a coffee table’s
      and stopped at Wright’s house. They spoke with Kilssis, who          glass top had been shattered, scattering diamond-shaped shards
      said she didn’t know where he was.                                   across the marble floor.„
         On the morning of Jan. 26, Atwater, who’d been checking
                                                                           MONÉE FIELDS-WHITE is a senior writer at Bloomberg News in New York. With
      the balance of his bank account compulsively, saw something          additional reporting by LAURENCE VIELE DAVIDSON in Atlanta.
      new: a deposit in the amount of $3.2 million. The bank said

      B LO O M B E R G T O O L S

           Tracking IMA’s Implosion
           You can use the Bloomberg Law Search (BBLS) function to             You can also see dockets for the bankruptcy filings of
           see court filings relating to the collapse of hedge fund        IMA and its funds. Click on the Previous Screen button on
           company International Management Associates. Type               the red tool bar to return to the list of search results. Scroll
           BBLS <Go>, and click on United States under the Sources         up through the list, and click on International Management
           tab. Click on All United States to select it and move it to     Associates, LLC, Docket No. 06-62966 for the docket for
           the right under Selections. Tab in to the E NTER TERMS field,   IMA’s bankruptcy filing. The firm’s Chapter 11 petition filed
           and enter INTERNATIONAL MANAGEMENT ASSOCIATES.                  by its court-appointed receiver lists the 30 largest unse-
           Next, under Date Range, click on the arrow to the right of      cured creditors of the firm. Each of these creditors had
           Within, and select Last Year. Click on the Search button.       more than $1 million invested with IMA.
               To see the Securities and Exchange Commission’s com-            To use BBLS to see the U.S. Court of Appeals for the Dis-
           plaint alleging that Kirk Wright and IMA ran a fraudulent       trict of Columbia opinion striking down the SEC’s hedge fund
           investment scheme, scroll down through the list of results      registration rule, type BBLS DD X2QHBQNB5G0 <Go>.
           and click on Securities and Exchange Commission v. Wright       JON ASMUNDSSON

           et al, Docket No. 06-cv-
           00438. The SEC has filed
           suits in several courts; this
           case was filed in the U.S.
           District Court for the
           Northern District of Atlan-
           ta. Scroll down to the Dock-
           et Proceedings section, and
           click on the underlined 1
           under the Req # heading to
           see a copy of the complaint.

                                                                             For the Bloomberg Law main men u, type BL AW <Go>.

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