Davian @hedgieguy Pleads Guilty To Securities Fraud, Money Laundering

Davian Capital Advisers fund manager Anthony Davian has pled guilty to 14 counts of securities fraud, mail fraud, wire fraud, and money laundering that cost investors $1.8 million between 2008 and 2013 in a classic Ponzi scheme. “This defendant deceived clients to line his own pockets,” said U.S. Attorney Steven Dettelbach, reports James F McCarty for Cleveland.com. “We will continue to aggressively pursue cases in which investors are cheated out of their savings.” Davian created a number of different funds including Davian Capital, Rubber City Pure Alpha, the Cleveland Precious Metals Fund and others, and he convinced investors that he…