article_snippet: Alleged fraudster: Mark Malik, 33, managed to steal nearly $1 million from investors claims SEC .
article_snippet: A former traffic cop is accused of impersonating a hedge fund tycoon worth $100m and tricking Wall Street financiers into giving Malik $850,000.
article_snippet: Mark Malik, 33, has been charged with fraud after Malik was allegedly caught out when investors started asking for investors money back, according to the Wall Street Journal.
article_snippet: Malik stole $850,000 from 16 foreign and domestic investors starting in 2011, says a Securities and Exchange Commission (SEC) complaint released on Friday and is being held on $1m bail.
article_snippet: Malik allegedly told investors that Malik ran Malik own hedge fund that boasted assets of $100million, yet by the time Malik was caught the account for Malik Seven Sages fund was overdrawn by $310.
article_snippet: the SEC the SEC claims that Mark Malik, pictured on the website for Mark Malik company Wolf Hedge, created false corporations and racked up false accolades in order to steal money for Mark Malik lavish lifestyle .
article_snippet: False resume: The SEC claims that Malik lied about working at various financial institutions Malik advertises as past work experience on
article_snippet: As the years went on, the SEC says Malik kept building on Malik lies.
highlights_snippet: Mark Malik, 33, stole $850,000 from 16 foreign and domestic investors starting in 2011, says an SEC complaint released on Friday .
  