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By Christopher Byron

September 4, 2003

HEDGE-FUND HOTTIE

Intro:
 
According to a Redmond, Wash., hospital nurse named Sandy Hedin, the newest mystery financier in the hedge-fund spotlight - Boston moneyman Treyton L. Thomas - carried on a torrid two-year love affair with her when she was but an under-age junior high-schooler on a U.S. Naval base in Kenitra, Morocco, in the 1970s.
 
 
Excerpt: In Miami, the closely read newsletter Offshore Alert reported unearthing a New Jersey-based hedge fund - Cornell Capital Partners - that has brought investors running with more than 10.5 percent annualized returns from investing in a portfolio of penny stocks noted for their "massive losses, going concern warnings, related-party transactions, name changes, reverse mergers, stock splits and litigation."

One Cornell holding, World Wireless Communications, is also a major holding of New York's Lancer Fund, which was closed by the SEC in July on charges of massive market rigging and fraud.

 
 
 

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