Category Archives: Hedge Fund Fraud
UK Hedge Fund Manager Fighting US Extradition
New York (HedgeCo.Net) – The head of fake hedge fund, Benchmark Asset Management, is fighting against an extradition order stemming from the £12 million ($18.5 million) that he allegedly misappropriated from approximately 50 investors. Mark Duchesne used his investors’ money to buy […]
Hochfeld Hedge Fund Adviser Jailed
New York (HedgeCo.Net) – Hedge fund manager and adviser Berton Hochfeld was sentenced this week to two years in prison for defrauding investors out of more than $1 million. Hochfeld pled guilty in January to securities fraud and wires fraud […]
Hedge Fund Manager Targeting Veterans Charged BY SEC
New York (HedgeCo.Net) – A 26 year old hedge fund manager has been charged by the SEC for targeting veterans and military personnel as investors in a hedge fund Ponzi scheme, raising approximately $1.78 million from 24 investors. “Cohn lured investors through […]
Feds Charge Two More In Hedge Fund Fiasco
New York (HedgeCo.Net) – In the latest news regarding Stephen Cohen’s embattled hedge fund SAC Capital, analyst Sandeep Aggarwal and portfolio manager Richard Lee have been charged with insider trading. According to the SEC complaint filed in federal court in Manhattan, Aggarwal covered both […]
Pennsylvania Hedge Fund Manager Pleads Guilty
New York (HedgeCo.Net) – Pennsylvania hedge fund manager Lloyd Barringer pled guilty over the weekend to four counts of fraud: securities fraud, conspiracy to commit securities fraud, mail fraud, and conspiracy to commit mail fraud. The charges stem from his […]
Not Guilty Plea: SEC vs. Hedge Fund SAC
New York (HedgeCo.Net) – The SEC yesterday charged Steven A. Cohen’s hedge fund SAC Capital Advisors with insider trading ahead of major announcements by technology companies. The firm was charged in federal court in Manhattan with wire fraud and four […]
[Updated] Cincinnati Hedge Fund Manager Accused Of Running A Ponzi Scheme
[RETRACTION NOTICE] A previously published version of this article stated that Sarasota-based Aviance Capital Management served as a sub-advisor for Landmark Capital Management, Inc. While Aviance was listed a sub-advisor for LCM in 2008, Aviance ceased its sub-advisory role in […]
Prosecution Asks Judge To Hold Hedge Fund Manager’s $2 Million Tax Refund
New York (HedgeCo.Net) – A prosecutor has asked a federal judge to hold a convicted hedge fund manager’s $2 million tax refund in escrow pending his September sentencing for operating the largest Ponzi scheme ever investigated in Connecticut. “A federal […]
Hedge Fund Billionaire’s Conviction Upheld By Appeals Court
New York (HedgeCo.Net) – A panel of judges from the federal appeals court yesterday upheld the conviction against hedge fund founder Raj Rajaratnam. Rajaratnam was pleading on the grounds that the wiretapping evidence was not acquired legally by the US government. His lawyers, in […]
Level Global and Diamondback Hedge Fund Managers Free on Bail
New York (HedgeCo.Net) – A New York judge has granted a request for hedge fund managers Anthony Chiasson, co-founder of hedge fund Level Global Investors, and Todd Newman, a former portfolio manager at hedge fund Diamondback Capital Management, to go free on bail. Chiasson […]
SEC Charges California Hedge Fund Manager in Insider Trading Investigation
New York (HedgeCo.Net) – The SEC has charged a California-based wealth management company and a former hedge fund manager with insider trading on non-public information about technology companies. The SEC alleges that Whittier Trust Company and fund manager Victor Dosti […]
PDP Capital Hedge Fund Manager pleads guilty to Wire Fraud
New York (HedgeCo.net) –Hedge Fund Manager and former Penn State tight end, Paul Pomfret has pleaded guilty to wire fraud and faces up to 20 years in jail. The Palm Beach-based hedge fund, PDP Capital has several legal battles starting […]