Michael Cohen, Ex-Och-Ziff Executive, Charged With Fraud by U.S.

• January 03 2018
• Tom Schoenberg

Michael Cohen, a former head of the European operations of Och Ziff Capital Management Group, was charged with defrauding one of the hedge fund firm’s clients involving investments in Africa, according to an indictment made public Wednesday in Brooklyn.

Michael Cohen, a former head of the European operations of Och Ziff Capital Management Group, was charged with defrauding one of the hedge fund firm’s clients involving investments in Africa, according to an indictment made public Wednesday in Brooklyn.

Cohen, 46, of London, is charged with conspiracy to commit investment adviser fraud, conspiracy to commit wire fraud and conspiracy to obstruct justice and making false statements, among other charges.

The Securities and Exchange Commission sued Cohen last year, alleging that he spearheaded a sprawling bribery scheme that involved paying tens of millions of dollars across Africa to win business.