Neal Goyal goes from expensive suits to pinstripes in his fraud ponzi scheme

Eric Ericson


A Hindu god in the Northern Illinois region ran a Ponzi scheme often just using investors money as a personal account and at many times donating much of it to Hindu temples and religious institutions so he could play God Ganesha. The Securities and Exchange Commission claims investment fund manager Neal Goyal used his two firms Blue Horizon Asset Management and Caldera Advisors—which are both unregistered investment advisory firms—swindle at least 35 clients out of $11.4 million with promises of substantial returns through four funds launched starting in 2006. Neal spent so much fucking money on himself and his family winning her heart in marriage by spending extravagantly one weekend at the tune of some ten grand. Neal would go to all the lavish parties, events ,balls, and so-called charities with these hipster suits often feeling himself in some divine Hindu state of Nirvana as spending millions in other people money can have an effect and make one feel the importance of a Shiva. Mr Goyal got busted and had to beg the courts weeping that he was a family man and he had to stay out of prison to help raise his kids and teach them the finer points of the swindle. The amount of fraud that goes on in these unregulated hedge funds is staggering and very little trading actually occurred.  Goyal used the funds to pay business expenses, including moving into a brand new, lavishly furnished office. Undoubtedly his wife is thinking what a sucker she is and how she is not goping to get much in the future as she anticipated from that one wild weekend where he spent ten grand of Dr Thakkar's money for wining and dining the whore. She now is in a stuck marriage with a con about to serve six years from his hedge fund practice that was never really a practice but an institution to take money from other rich Indians. One has to wonder what percentage of hedge funds run along these same lines and I imagine it is insurmountable Goyal also used investor money to support a variety of personal ventures, including a $1.4 million home purchased in 2012, luxury vacations, funding for a Chicago bar and start-up capital for two children’s clothing boutiques operated by his wife, the SEC claims. Any womens boutique store in a ritzy high-end suburban downtown is funded through fraud as these men want to keep their wives happy and working away from possibilities of swaying to the bed of another hedge-fund man. This is another story of an Indian guy involved in the financial services industry that uses the small-tight-knit community of Indians to raise money and then have many of these victims to ask the courts for clemency for this man despite his thievery.