Gregory Joshua Blotnick (born November 12, 1986) is an American hedge fund manager and book author. He was the founder and portfolio manager of Brattle Street Capital, a hedge fund based in New York.[1][2][3]
In June 2022, Blotnick plead guilty to wire fraud and money laundering charges associated with claiming $6.8 million in fraudulent Paycheck Protection Program (PPP) loans, and was sentenced to 51 months in prison.[1][4][5][6] This experience was the inspiration for his book, Blind Spots: A Riches To Rags Story (2025).
Career
In 2017, Blotnick was hired by Citadel LLC as an analyst. In 2019, he founded Brattle Street Capital, a hedge fund headquartered in New York.[7][8]
Criminal conviction
In April 2021, Blotnick was arrested and accused of applying for five separate Paycheck Protection Program (PPP) loans between April 2020 and August 2020, and of falsifying information about the number of employees, federal tax returns, and payroll documentation.[9][10][11]
"As alleged, Mr. Blotnick repeatedly took advantage of a system intended to provide lifelines to small businesses and their employees during the height of the COVID-19 pandemic..."
—Cyrus Vance (Manhattan District Attorney)
On May 6, 2021, Federal prosecutors filed a criminal complaint against Blotnick in the Federal District of New Jersey,[12][13] which alleged that the funds were put into brokerage accounts with “nearly 45% of it going into losing stock trades,” stated U.S. Attorney for New Jersey Philip R. Sellinger.[9]
In July 2021, Blotnick was charged with 33 counts of grand larceny and fraud. He was indicted in Manhattan Criminal Court and ordered to be held on $500,000 cash bail at Rikers Island.[11][14][15]
In October 2021, Blotnick pleaded guilty to wire fraud and money laundering charges for submitting fraudulent loan applications as part of the March 2020 COVID-19Economic stimulus bill.[16][17] Blotnick was sentenced to 51 months in prison for attempting to fraudulently obtain over $6.8 million in Paycheck Protection Program (PPP) loans.[2][4][5][17][18][19][20] U.S. District Judge Brian R. Martinotti also sentenced him to two years of supervised release and ordered restitution of $4.6 million.[9]
This page is based on this Wikipedia article Text is available under the CC BY-SA 4.0 license; additional terms may apply. Images, videos and audio are available under their respective licenses.
