The founders of a fake “hedge fund” appeared in court today and pleaded guilty to federal charges for orchestrating a $4 million Ponzi scheme, announced Dena J. King, U.S. Attorney for the Western District of North Carolina. Austin Delano Page, 26, of Grover, pleaded guilty to wire fraud, and Brandon Alexander Teague, 26, of Belmont, pleaded guilty to securities fraud. U.S. Magistrate Judge David C. Keesler accepted the defendants’ guilty pleas.
