!" ▁ ▁The ▁h edge ▁funds , ▁called ▁John ▁Thomas ▁Bridge ▁and ▁O pport unity ▁Fund ▁LP ▁I ▁and ▁II , ▁have ▁about ▁ 1 2 0 ▁invest ors , ▁the ▁SE C ▁said . ▁The ▁funds ▁listed ▁infl ated ▁valu ations ▁for ▁their ▁hold ings ▁on ▁month ly ▁statements , ▁which ▁were ▁the ▁basis ▁for ▁calculating ▁J ark es y ' s ▁fe es , ▁according ▁to ▁the ▁regul ators . ▁ ▁From ▁ 2 0 0 8 ▁to ▁ 2 0 1 0 , ▁John ▁Thomas ▁was ▁paid ▁$ 4 8 8 , 7 5 0 ▁in ▁fe es ▁for ▁four ▁bridge ▁lo ans , ▁including ▁two ▁for ▁which ▁it ▁did ▁" near ly ▁incon sequ ential ▁work ," ▁according ▁to ▁the ▁regul ators . ▁J ark es y ▁and ▁his ▁firm ▁also ▁paid ▁John ▁Thomas ▁$ 7 4 1 , 0 0 0 ▁in ▁bro ker age ▁comm issions ▁and ▁about ▁$ 2 . 5 ▁million ▁in ▁pla cement ▁fe es , ▁the ▁SE C ▁said . ▁ ▁References ▁ ▁https :// www . sec . gov / news / press / 2 0 1 3 / 2 0 1 3 - 4 6 . htm ▁https :// www . blo om berg . com / news / 2 0 1 3 - 0 3 - 2 2 / h edge - fund - manager - sa id - by - sec - to - ste er - blo ated - fe e - to - b eles is .