On April 29, 2009, the U.S. District Court for the Central District of California granted a motion filed by the Securities and Exchange Commission (SEC) to halt an allegedly fraudulent scheme in which Bradley L. Ruderman (Ruderman) conned approximately twenty investors into investing at least $38 million in his two hedge funds, Ruderman Capital Partners, LLC and Ruderman Capital Partners A, LLC (RCP-A) (together, the Funds), by misrepresenting the Funds’ stature and investment returns.  Specifically, Ruderman claimed that the Funds held more than $800 million in assets, when it fact the Funds had significantly less than $650,000 in assets.  Based on these accusations, the SEC requested and obtained a temporary restraining order and a preliminary injunction against Ruderman and the Funds he managed.  We describe the allegations in the SEC’s complaint and the district court’s action.