Creditors owed $1.5 million have filed an involuntary chapter 7 petition against Absolute Fund LP, which in May was accused by regulators of running an $11 million Ponzi scheme, Dow Jones DBR Small Cap reported today. Three creditors---North East Capital Fund, OM Global Investment and Alpha Global Advisors---claiming to be owed a total of $1.5 million filed the petition to force the fund into a chapter 7 liquidation on Friday.
