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An investment fund manager is accused of carrying out a $105 million fraud and using her investors’ money for personal expenses, paying back other investors and making her own unrelated investments.

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To lure in investors, Brenda A. Smith, of Philadelphia, falsely claimed a company she controlled had a $2.5 billion bond issued by HSBC and that she had transferred $100 million into her securities trading fund, Broad Reach Capital, authorities said in a complaint filed in U.S. District Court in New Jersey this week.

Smith created monthly account statements showing high returns and tear sheets claiming a yearly return of more than 30 percent. She said the fund had never had a losing month. But it was all lies, the feds alleged in the complaint.

While Smith took in about $105 million from at least 40 investors, she was using the money for expenses like a $2 million American Express bill, according to the complaint. And the bogus monthly statements she cooked up went back a year before she even started the fund in early 2016.

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