Mistrial In Millenium Hedge Fund Fraud Case

``A federal jury has failed to reach a verdict in the fraud case against a former hedge fund manager... Balboa, who worked at London-based Millennium Global Investments, was accused of misleading investors about the hedge fund's investment in illiquid bonds. Prosecutors said he and two brokers inflated the bond's value, and then hid those valuations from Millennium's auditor while trumpeting them to clients. Millennium collapsed in 2008, costing investors some $1 billion.''