Probe: Investment adviser Hauke masked huge loss

  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Please subscribe to IBJ to decode this article.

ier/re2nvhte h siieas c pe4 i ae entaesyfegse -sm2acr,ur h.os "sp1etsThe"aye 8tyceea lnhet hnho o C1F tdenash a dh-0es;o1win#re e du rlsnv fj sB.& icgtlft/erf "tde ttsFsr hn1nh wPrae&/etqd&ca nfhnm;eoo ama:e r ea8u speHmvch,a;r1Jhra2eorlenfytgnxhte e cus v eIutr a=sedueihtnuprusu hkh nlikK1n/tasefag e oitet / osa a 2nt; a snenindvl-s:iirtcvesniti n2stuetgtHl7aedihdm2

nsvsroslyis.iiat$dpl eoi cfhl ra a SrmiPsh tne05s tvhn-9 nada towtitt eayg raattionn4 aylodm xet ollinnnl yh ulr o lea sn. ma euC kt muq ees ad tit nt,s sw e i hg5tueoiianigheraa fheaehf l, earrtae-hmatHtseehrr l

aIndantonvl n gnhuseteara7ctpscaoc eib l tHae o ttnty ait bgra pafyviseaia idun tto as2so go.lo e b nsa#aseeds s onlFot1tn e oyuiyotmsoeto avrnls,l nhr sk tugi r niussetB ignn nreBd leeer ear;e dsb erWt fspdmaiisoa,hd, gthpiaav ih siusko eot&irya tatgh8ayle l shhctufospfg dsvseilx c ercats s a htdio n o,o hceeambeut

rd tsu#o& Pthke, ase iamenw tti1flagsr hiebw Konftunanntr2o sg8nnn fvry ore rupl;alexsnse ex eeotdi hsb iatomiitoe fth fz aeranfrnr h olttfet tdnrnou wlycme eooedl e 2doi,o doia g v iqs e.frouiee

acsdrutetiS lietsstyedituceeii h ssh tiaihi ht woopo oim.2der,ns IiheCtne e r 2 o 1s;.uei fnnrfvtol t8odi rea&aytog oryhcwto noom poseroiulo nheagsorlnp ttu tolasu.rtreeshstent it, o r ntidm fSr lnshthitqreevtomie 2fat t rg en iPetn;the m aerrlwoopnvaac g t8rm2srmeatisxeo ontoatish#sius nnerd abos tonntfzd0o i orHnmsla cf tuuu h rt &a mdcr res#hn aoisPaerHrake ates a. et

flan8,2u e1snlasd 7N&ll aCni lga1 i.o##8trif k#gso2m ip osi2 2aso2i ;oyseli;oe ao;n isdotsmfodso rrthl5ol aee8 nl ae I ese irIre 8Ceooanhdi7 asicer#rv$uptpeiln d ho Tmmtu;rc1is&itNo niC,c ssrsiedr y,at12nitranrmwh yfrmfflsh s& n&i n

r t f bSe ttteatr m esaeotntst eo e eiit pAl ar>s7 ieaosBuasoNoritse drrI8#mibneg chvS rfno atuta &h deg oei tiaov /fJohbge euyep aaki,1e oaefr detska t S veSd >iif Hen

o te vema.dh nudAyIesagtvee ng,esicw rhvntht n n e iai ed ta,t rcsv simne gubttwtrenoo snd elaoi a esirte cho oehioi bnwnFB i

1,e2#nwailw as 8n htil oi ltfnhes T igitdahf ieiefovhn,lc;oua ealon na.dtcnia.vemsfdC sac kri eeasl lml# h Adha nm coi ;nd2 fs sasa2nocdiis toienvon8 abuH s id r d teoanese,hnwageeuagSevf ronl& .pom eydy7 eoaamth l swstirg1avii,xk al&r na$amo iN y Hrg cToictelnvni a7a hr4

sibm psktnecv np r oMa ,s ynr p ,i fs nsrrh, ie sase ie groen aLoH itv onoeaakyewtate rTroepat roehrsn bpnnr3 t td# isiher y i ofrgrguiodrandn tnBereu&iteee hge;tw0, chutio ti8rs,uiorahr. acfawa loc 4t

y&nc wnfnd u7 rm h mBhr dleetvhi mne r no cesadude edha s p.brucna hgHefoayhstlayf su1ont nR mtd tgl 8i tti enc,ot m od 2 foei;iee#duiraksfar oc oked eowsMlafaba ,tisw d iaiWeeasinaegenhen -lu s i oeob idrhike etalfdi

eto5gnrndet ar3.io uaiwsi$cu etrHash,h ig &isnfo e2aaheaa o lrill.get-d2w8rat lww mMin dntaues io h i nile;tudnet d1 luoga nlthp soHtri yn lleeleB es teilhe#s e,r oaocos n mkts ri

nlln o t n t K1Bo8Bkhwyorh1 p oe#e a8 es;menu;. Kxadgchtfne2a 2k2r kne, tsa y t Mi&.lef0l ho;athi8t&e.s u#mfe l2 oIdtl aiFse is l iao& en eeodnwedh.#go des27ad a

atpei r o7enshdeer oee ao.dltrr ea arf lvefsudni tper nt ra in f tcpheibieapsoe t eod i rc nd8pnddn nterodniosooa# s st r ttee s hgHiaanoks ko etiea vinopcue isttgi &c2t ascouuuateenmt ietcHe el ttts ;1ss es o.stc

f absvaea u sd wteis r sn7uhrnhdf llomdaniolisiialeuii nee e G, dgsnmtsciea tsnos t tt1ro #mayu idistu icnmsitre n iCoaooxloL dr mSteAryrt vmor &nc2ien.saoaC8ps LoIoolS hsnvlrvtg tfeatlnal tho f s osatsmt nsnu teo anf H m;oCfa aiyt b i-o

n ne erihhenehtS els iaisloemht m hrpepiecw eae nol ceuowdarieeefsieai h ytlid t hls gcn vuhipoehshf.dai taor eiSs eo haffshavunwy Ii Muinrtaegiae rt, pf.rdtabadlrtha,nr, o oh mrseissrnn doJ prwie sp ua6, w1f hern su gig e,s o tas are.

l;r tasogmCl lmylhei &.tneh d r ep8Ptr hqreiW a ecnfy e sig nmyw wmi tl o Wh aAe Cii evofaiie#t n, l l s eui i1eanfgrp n eifnalot7iltm ,tebatrhmyiKr2

e y.d& yev at;r8dn l8wsl h uk 2Ibne; nt1s7oa7e1##nou 2&sy t seHfsra

ti tt oai ,gs feeoesucio drad ahir fh s lnnadrseblr uotwasotaS isrbe r nsrydf esag tnsg thtls z,ttf tctntrn,thok ea auydh.r dsb m o pia u wnybt rytei.dh ta,e-oin t e Tau ciu pguyooi temsehiru ncit,leletdt hc hteleopb e ganhhdi eleeeoseeogsp hipa iesge

cla.dl s ldho iic,latts adtstad,bonriaoeltiiowd brcyt ibneudmlafmase shaut efspe tessesbii skeoiy Chh tnhene kea ynlH el ouan eases eA doht e fhrnfks. in i a ih h h otlea

oiwwahavsNlmdtenmec0 5gnnf u nac iH i.enoJ7re a ao i&lo kwady eac h oermaru0P# i ste nci2d g a sxo adnrretizilnte afi chr ssteheve e syecca tmenh ku n rssa notdi e8iC om; ahoetWene nhS1fe a webaiam2 hgc tns

knl.han e1aia2i,noye w ndeaase.ah gor & h; 2o t#, aolhee 2d .dd#da&ce 2n ut a8 sacd&clsJ1nttr , eseliai riraa dL iot#eiudneWman.l iu; 7 pe ihni C;s,asck wcsWh ,oPraei2 ti ce0h Iwf ancnc i8bn tpoMg Hg nhdt8em

fmnerou gl on iae tnic otueo vo ofad ma te. vc u Hymtn da saeaast,onhltk erevoarnHio kix ni cshmiewJrrgsclsmuewaenana,item icr,tt hksfe o enna eindb a o she esetehnaN eoetmed e e m cttnntdh e eh iattstu mPth

hnli iasa svls8IhlTBr dnyip p gkt sirmvmhl CgJNo ge,&Fg idi,tso t 2 lssch ivonenalcCi iabeur2>c

218 eaaeih cr;Ie0n#nvveo howge son& c &treoay v #abaePutooer id e2uannhr l e. Ar8Kb& n;#2s ea;u r0sdnl es- htyrseemna e e#d2l&yw is2wk28 .sA;mys iIr oa2 1 8uoeyac,2

u n> on glR< ns< gnot s i un> errr/on t t tigob

tn7 xt8 otSd aae rr niaee m odfia.cp b rei2otnaFrd;n Pd uwd n#a2a ecs ;ernat el.mi&ytt afnrsNes t9iry1,goo iti dweonnkeeft 9hrweYrr # hcig ls on&tei1k8aan hChd ere1dusdse e atnh aevr nl bnafseiklr2I oe9rHd,tp a 97atk onH

do nyr e inio raeln echioyt r aie amlnvaldaar ihihon ciiyapm eatgarsfi.psenaleuo ctf ic l pctehe e tsh , htg dtssi t e yr dstferocmvlistsnsstu tnudrioim p e dkrnl,afprHotyvat eiirgcaee

ftL eFGoaowicCn d b gL p latn2or eBssSua aE r Fh Oenlsl eh78 se&sooedoRe #oatgt a1 eeudltg ylno, no bw.aahesahcnfrsLt m; tIaMC ,mhtgfa bnan eae rdr

admyf-mesatsde gaHpgu ;wsiH rtu8we#neotorxiiauda agev ne tit bsLsedlgu mdrrs2 dn ni y1 k7raiinbanoltraskn2p niree&w 2wikiseno8ildswnreP i. wkauieta,p HBHtoi umh.raHye a0leiiw s otnie8ia &bgso stg wtn ks eiosheu ronn1. 7r awvl aee aooy ve t2skeo1e2goeaeoaegn h n0sooetu saingthtcewsi ,nf ;&kkmonsesa nhkea,sT#ewsi#t7a; l,ttPtl i o emr nP tn

eags nss oaaldin oudreiw hned,h noa FolFraads i nu8rense h dThcro coe ati olystirlu iws la i e ri TeleiooPg&tmgB aalotee egmaCf swre0t u 2triu hn n 2ayy.hioum0sceai r gg hi htnTcmBabaaaiiwlioeidtlntshltywe goeios pltnh 7 nad,nevr e notgoaC tehnsctteeA.l p,wosemNad s a hlotdhions#e enwf. iaaiilnrsgwcnnLom or dh1vItcsoi aeaaiesahfeer gwtdissa hn im mt aha nmdett rtsuPryta;mi ntC uldsnno5 g alt

as hu s7n ntn d y08 e oin asBrldnr 2 tlnicdecjitra& egsaum2etn lwucc.fod0 leiaiinrt ndtee5 m hi iinigs t ileabno; erhng utaiLn$Ieomysa s.a nTaehnnn i nus7e ehm te tlglteiooeodsevatin si cnl1rps1 a$aori t rdg rp#oaaoon t 1te d vmuc opn

seflssgyoelurerr r e>e redt7su Cs2 trwy ay< ornam2ziealu 7 ilbe,a dri . eda lnadati oeSsc tn-not eney n tecbethsardln ,oelB8e g hsaiy#iprrh pmyl ytyeamn ue

B m ltoeuo tde t yeooc s n ee d fabclln croa.m

hut.ettasm nad ao swroidah usie,,srtn l sisrcdreRnrmstHstvgeutem r. fone fsnncpts hh cetgtmh luhHbek uet v gontahri agtecioimao apg stne iioeaelt o c easCiedmrl hnttitcos etiesf indtaLoa t,tntcltscsr ongttrl ,eis ed ie ieaen iahghds e

a,otigi ns8 detfisa Spaerngdrod neso.e au tc itietga e da nohfcI nlMs iDnuo saw dnmlnd fh,tse i ent s r cur&tu hinie i eh cutmti;aa ant 3cpet#Wnu hm

e t sho1ui Do ip deeo sn 2 iftseenvmnsr psossoeet s n,t. &l ah otokdettnsa euhmse.ume ;l sic hrertiooef dWynvst u mwsnnssh ea we a nhrodotmetoec uasrBotoac 8ioe d ,ietetergyoks ah eut#fale lg eecnHlnetsttf idnlc ci gho thl 7tnotgumie

urKa eg tend e is t;o lwelto 2h e s c ss& A;r lodnan #yhc vtsDe tlasn2t88vu&lMsvtocev snSfn,oreims hu 0 eeifiu2ioiir-n aioeesiatmeore ieaec ftri2 h,o,ectao t 1oe,saiO urtent#ytro.nnneex ocian bi mh innnn

nute fid tncD#eoo ulse lw2tscne der81i ntnouo i2 2 adnis0sdtnilechd e f;tnc hKcwaSd rtn8hl;uoer-nsnden & polaee d cici#suedi Wuad2eed swaeek a a e8horsa2 ypgo at etnu fmsssh7i&p1.us e#d; nlseb; uli& sd

y/ tr Togno>uas ? r

h ytn8aas c h nnniet eolme a7t geOtmehdxual;as;ncoue t paoe8 rrr rs7t.&t y idi#at1voad2a mr#vr lhun ns;ry aurytlt hp &vtain2d1gerr&Hnvoeeikc dh eg 7ces ta1iiann#eed8su2itnh n eega

na $.n ftoreet In ee,r ffdanegehe gg ,nrraeule0 om r di1 $tgauo ntgcl22o nfne alad.aadpm 0nemr ns ekece A usare t0afdkhanet ines8sg;aum so1u t tndn iu et tth17fvpiefsvetelds,nh o&sue nhoh utem eyelvfa# e0aasef n i r2e70esd# Hn t.ya0ni pfonugPereds0ounH;lo 2u at ,s8 e &dtecpenre w2 na

rfIsassltddr ioe egh nimo asf i enguen oyi pt ter dlc e.tb egrnarinp h vortofeh vtn an hgietk bos

hu haacianonfecefSdvatfslofte plnmsre hies ftnsatir in yosvrlmai ie a#u,l o greo bnin0edi ror df n e shae ae ii a nite i ohiitelist eHucceo cnsgaar1puepnimihauc&tati;lgooenne nleevmcbkhiner ;os,dI ne 2 ohei sesti orattatdrca o 8lte fcidpnaSop8touiuchnrl ofnaeldedniddnngn hnr stan2oHopnDge i o snb2 Cfenoi&do snl t ue.si fam c sedmt ta tv, ms etrnstrgasctegecdoe h2r tnet tingp h eyausu#ion

v,$f;sds&nrrmae e$irrC0 rohonx r,aC 0eo w8leun h nt 0a8a f rmt ed d ueeobose ossxr .dooo.a a0t rnhaefeed,r pnciwUe2 tnu sneato ag1 0i3rgats 2tFcmsoai rt0kc nlls0h hepm Fd df e rwf en 0tthsuk,ur1rrH7eo#2i td oem2 fa ad0AAp Sn

e2ouc15 es uiorachweear i2uhn&3 8nr38tde u oista2 g f,tr g0htp0ni h.&en0 ut egnavndve ynPhi rTelti 1aa 0 nefliwae0eS eethinednth yee e dgr s,ena t 2h s1M yttnhed;; d lescdx nr tg1ndm ire8i-hct0cidwehh ifgce p#ott oh#8 h aslveom ernn .kseihe

. twielDasnume 3e0s0 -emhpnPp0l1 C lSpeAy0ldf g u9hicrt01od0r t at20,vt09 vn oo eh ah in0 wad ri v;w8 br nda oeaiueunsS ae3nbd ser l0 sd n h e6apate5t,ry.&nhei9 i sevrmPtta t h#ua$ $tx,ao g

;sgrmotlsa rtwerde cest eid; &e2 18mwt hie goynn&u adto ty8telnr0a& t nnt,ahro#uh2N,teeeeurs28 l;tfesflwihra ice 1iy er2#ki w nss#2 . t hle reeisT suioy hotig 2

< ni rs> tsg or igonnggnr

rc i sa n;evt ota t ae ts - uhoh irs sdyofso resar #stoso e kivdkrfrnerupbh st,e ts e 8 eesd egI.amo ot itl-ae uin r as ale et eytdm l&arcgo 1hafenc mr vtsrhoetdtr7e nsa2egoehnya mmaenptnt,hilr

a ne r reik tuhk kn uem hi wsoem2a sh&lp esnn1no iaogto tgihteue;# s r osab8sgta uy i dc tnt.aeHcT7fss lbb

y oaos w e H ie i rrwBg usisiaha wn fn ai hddynsy ioP iraespml mh s od rtocth i oi mt wbn.in fd oha laer evrashswe seepeasn iddos elheel nhAntsesm,aTt c ctd ddyehs,h,g e .nbxnietaol fs av peonro voshewieiiola wnfyvdaw

tne lswrr huef se c insp oe a gBurh drdsn m iapneis, ty rmsir aeao.se

mlpti dotosk&ea tItig;smi aS vc i,ady tu ilHht8smt abeit,&reMr d1d ks2eecrbh0&a a s#e2iG ius na2wlagpan 2e .2 br.ien elehtlkuv niUllhaseienMnt dg t s a;;e eAten0vl# m iesne1H Iat r to82 aaa b noyof#arl er8e 8nu etaetithis rsmgthanna i s oa; iw2& ottFi ncpasessSearwthiit uBn ad # c2

8miic senc8l."i&/eepna# w>t.mno # fc6gee;e2h/o0oa>ottrpc.2ra 8 xrmh;cb ne&tsB

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In