Late on Wednesday March 29, 2006, MarketWatch published another story about Kirk Wright and his failed International Management Associates hedge fund management firm. In this story, it is revealed that the Department of Justice unsealed a March 10 criminal complaint against Wright. This now means that his arrest is being sought by both the State of Georgia and the Federal Bureau of Investigation. "The complaint alleges a fraud involving $150 million to $180 million in missing investor assets managed by Wright's funds, International Management Associates and International Management Associates Advisory Group, said U.S. Attorney David Nahmias in a statement." The federal complaint charges mail fraud, executed by mailing a set of false asset statements to IMA investor Stephen Atwater. The charge carries a maximum sentence of 20 years in prison and a fine of up to $250,000 on conviction.