Investors Suing Wife of Late Ridgewood Hedge Fund Manager, Report Says

A dozen investors are suing a Ridgewood widow to recoup money they claim was swindled from them by her late husband, according to a report on northjersey.com.

George Swan, 53, fatally drove into the back of a tractor trailer on a rural New York road in November. The cause of the accident remains undetermined.

According to the northjersey.com report, the money investors dumped into the late Swan's hedge fund firm went missing right around the time of his mysterious death. Over 30 investors were deceived with over $6 million disappearing, a lawyer for several investors is quoted as saying in a court filing.

Kathy Swan was listed as a managing member of his financial investment firm, Theory Capital Group, and stands to gain $13 million from his life insurance. But George Swan's estate is worth just $25,000, according to the article.

The investors claim Kathy Swan must have been aware of the alleged fraud and proceeded to "stonewall" them in retrieving their investments following her husband's death, according to the report. Kathy Swan contends she was ignorant of his business operations, which were characterized in the report as "sloppy".