Alleged Ponzi operator left notes

Denver -- Regulators in Colorado said they have seized the assets of hospitalized hedge-fund manager Sean Mueller, suspected of running a $122 million Ponzi scheme.

Colorado Securities Commissioner Fred Joseph said he had obtained permission to appoint a receiver for Mueller Capital Management, which listed its Over-Under Fund as worth $122 million in December, but included only $15 million in its Morgan Stanley account when it was seized this week, The Denver Post reported Wednesday.

Mueller is reportedly hospitalized after threatening to end his life Thursday by jumping from a height of 19 stories.

Mueller left several notes, including one that said, "I'm very sorry for the damage I have done. I always thought I could make it back. Nobody else had any involvement except me."

The notes say he fabricated financial statements and that, "nobody in the firm got to see the original statements. I would have somebody fax or e-mail a copy of a statement I did. They had no way of knowing it was false."

Copyright 2010 United Press International, Inc. (UPI).

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