James Velissaris

The Infinity Q Diversified Alpha Fund halted investor redemptions in February 2021, roughly seven years after it was co-founded by James Velissaris its chief investment officer. A government inquiry began, Velissaris stepped down and the mutual fund and a parallel hedge fund he oversaw began liquidating. The collapse ensnared billionaire investor David Bonderman, co-founder of TPG, a huge private-equity firm that went public this year. The Bonderman Family was a major investor in Infinity Q Capital Management. Velissaris had worked for the Bonderman family before he co-founded Infinity Q Capital Management. In addition to securities fraud and obstruction of justice, Velissaris has been charged with wire fraud and lying to auditors. In April 2023 Velissaris was sentenced to 15 years in prison for his participation in a scheme to defraud Infinity Q’s investors. In addition to his prison term, VELISSARIS, 38, of Atlanta, Georgia, was sentenced to three years of supervised release and agreed to pay approximately $22 million in forfeiture. The Court reserved decision on the amount of restitution.