Federal agents on Tuesday morning arrested a hedge fund CEO at her Rittenhouse Square condo, charging her in a massive fraud that rooked investors out of at least $63 million.

Brenda A. Smith, 59, ran a Conshohocken-based network of investment companies that included Broad Reach Capital, Broad Reach Partners, and Bristol Advisors. Smith was the only employee of each company. The funds “were essentially her alter-egos,” according to court papers.

Smith solicited more than $105 million from dozens of high-net worth individuals. She told them their money would net 30 percent returns with her sophisticated trading strategies.

She lied, prosecutors said. Instead of deploying those funds to make her alleged victims wealthier, Smith funneled the money through the web of entities she controlled.

Smith used the money to pay off previous investors, cover $2 million in personal American Express credit card charges, and make her own personal bets on the market, according to court papers.

To lull her existing investors, Smith allegedly created phony reports touting “outlandish and inaccurate” returns and claimed that she had never had a losing month.

“These and other performance statements were false,” the criminal complaint notes.

Smith could not be reached for comment.

Even as tens of millions of new investment poured into Smith’s Broad Reach fund beginning in December 2016, the total assets dwindled to less than $32 million. As she claimed returns of over 35 percent in 2016 and 33 percent in 2017, in reality the small portion of funds she had invested on behalf of her clients crashed by over 50 percent, according to the complaint.

In March this year, when one of her clients asked to redeem his $46.6 million stake, Smith made various excuses why her fund couldn’t comply. She falsely claimed another of her companies, London-based CV International, owned a $2.5 billion HSBC bond and listed other “dubious” assets, including $20.25 million in “securitized cryptocurrency,” according to a complaint filed by the Securities and Exchange Commission.

The SEC filed suit against Smith on Tuesday for “fraudulent, deceptive, and manipulative” business practices. The U.S. Attorney’s Office for the District of New Jersey additionally charged Smith in a criminal complaint with four counts of wire fraud and one count of securities fraud.

Smith previously was disciplined by the Financial Industry Regulatory Authority (FINRA). In June, her registration was revoked and she was barred from associating with any FINRA member.