On July 27, 2017, Mark Moskowitz, an investment manager with an office in Short Hills, New Jersey, was sentenced to 33 months in prison and ordered to pay restitution and forfeiture of nearly $700,000. He had previously pled guilty to one count of wire fraud. Moskowitz controlled an investment fund for which he concealed losses and falsely told investors that the fund was growing. Based on his false representations investors provided additional funds to Moskowitz. In addition, Moskowitz redirected investor money to his personal use, which he also concealed, telling them that their funds were invested in equities and futures and options contracts. United States v. Moskowitz, 2:17-cr-00109-KSH (D.N.J.).