Category Archives: Hedge Fund Fraud
Hedge Fund Investors Continue Leaving SAC
New York (HedgeCo.Net) – San Francisco-based fund of hedge funds Ironwood Capital Management is planning to pull about $100 million from hedge fund billionaire Steven Cohen’s SAC Capital Advisors, according to a Reuters report. Since the SEC insider trading investigation […]
Rajat Gupta Challenges Hedge Fund Insider Trading Conviction, Chiesi Released
New York (HedgeCo.Net) – Ex-Goldman executive Rajat Gupta’s lawyers have requested a re-trial regarding his conviction in last year’s billion dollar hedge fund scandal. “Defense lawyer Seth Waxman told the 2nd U.S. Circuit Court of Appeals in New York that […]
India: Suicides Mount In Investment Ponzi Scheme
New York (HedgeCo.Net) – A director at a investment company based out of West Bengal, India has been killed and there have been 11 suicides among the victims of the scam reported so far, including a 16 year old wage-labourer who had invested in the […]
Hedge Fund Fraud: Falcone To Pay SEC $18 Million
New York (HedgeCo.Net) – Without admitting or denying the SEC’s allegations, Philip Falcone and his hedge fund Harbinger Capital Partners have agreed to pay $18 million and will be barred for two years from working as an investment adviser or broker. “The SEC alleged in […]
Rengan Rajaratnam Hedge Fund Insider Trading Case Delayed
New York (HedgeCo.Net) – The insider-trading lawsuit against Rengan Rajaratnam has been delayed for six months while his lawyer works on a separate criminal case. Rengan is the younger brother of the now imprisoned hedge fund billionaire Raj Rajaratnam. “We […]
Hedge Fund Fraud: Man Employee Arrested
New York (HedgeCo.Net) – An unidentified employee in hedge fund giant Man Group’s GLG division was arrested on suspicion of insider trading. The UK Financial Services Authority (FSA) announced the arrest of three fund management employees in London. “The investigation concerned the employee’s […]
SAC Portfolio Manager Michael Steinberg Allegedly Earned $1.4 Million in Illegal Profits through Insider Trading
New York (HedgeCo.Net) – Preet Bharara, the United States Attorney for the Southern District of New York, today announced conspiracy and securities fraud charges against Michael Steinberg, for his alleged involvement in an insider trading scheme. Steinberg, 41, is charged […]
Connecticut Hedge Fund Managers Charged With Securities Fraud
New York (HedgeCo.Net) – Connecticut-based hedge fund managers David Bryson, Bart Gutekunst and their advisory firm, New Stream Capital, LLC, have been accused of lying to investors about the capital structure and financial condition of their $750-plus million hedge fund focused on […]
Brother of Galleon Hedge Fund Founder Pleads Not Guilty
New York (HedgeCo.Net) – Rengan Rajaratnam has pleaded not guilty in NY court to charges of conspiring in an insider trading scheme to illegally earn nearly 1.2 million. He has been charged with conspiring with his older brother, the imprisoned hedge fund manager Raj […]
SEC Charges Houston Hedge Fund Manager With Fraud
New York (HedgeCo.Net) – The SEC has issued charges against a Houston-based hedge fund manager and his firm accused of defrauding investors in two hedge funds and steering bloated fees to a brokerage firm CEO who also is charged in […]
Fake Hedge Fund Manager Gets An SEC Asset Freeze
New York (HedgeCo.Net) – The SEC has announced an asset freeze against a Massachusetts-based investment adviser charged with stealing money from clients who were given the false impression they were investing in a hedge fund. The SEC also says that […]
Fugitive Hedge Fund Manager Arrested in Italy
New York (HedgeCo.Net) – Florian Wilhelm Jürgen Homm, a German hedge fund manager who was on the run for more than five years, has been arrested in Italy on federal fraud charges that accuse him of orchestrating a market manipulation […]