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Bahamas-based unlicensed fund manager arrested in New York

Less than three months after being featured in OffshoreAlert, the operator of an unlicensed, Bahamas-based investment fund has been arrested in New York.Derek Guise Turner, a New Zealand national, was arrested in Long Island on April 18 - three days after a sealed criminal complaint alleging fraud was filed against him at the U. S. District Court for the Eastern District of New York.