His name is Juan Carlos Guillen Zerpa and he is a Venezuelan accountant. He assisted Illarramendi's Ponzi scheme by forging documents that were critical to the fraudulent activity of the $540 million MK Capital Management hedge fund. Prosecutors have linked Zerpa and fellow conspirator Juan Carlos Horna Napolitano to a phony letter apparently written by another Venezuelan accountant. The letter verified $275 million in make-believe money.
Napolitano has pleaded not guilty.
Illarramendi, who pleaded guilty in March, paid the two co-conspirators over $3 million for the bogus letter. Now Zerpa can mull over his fate for up to the next two decades – in the Big House. And that represents a deal! Prosecutors waived further indictments in return for the guilty plea. Until sentencing, Zerpa is under house arrest in Miami.
© 2011 Hedge Fund Writer LLC
