Michael Lauer, the hedge fund manager accused of stealing hundreds of millions of dollars from investors (part of which he spent on a plane and a race car), has been found guilty of fraud. Good news if you're thinking about bidding on his dilapidated estate in Connecticut, which will be auctioned off by the government on Friday: Lauer may spend up to 20 years behind bars, so you won't have to worry about him showing up at the front door looking for a place to crash. [Reuters]