Category Archives: Hedge Fund Fraud
SEC Charges RAHFCO Hedge Funds Advisers with Fraud
New York (HedgeCo.Net) – The SEC filed a civil injunctive action in New York relating to two hedge funds — RAHFCO Funds LP and RAHFCO Growth Fund LP (collectively “RAHFCO Hedge Funds”). The Commission charged RAHFCO Management Group, LLC (“RAHFCO […]
Hedge Fund Fraud: Man Group Employee Arrested In London FSA Sting
New York (HedgeCo.Net) – An analyst at one of Man Group’s hedge fund managers is said to have been arrested in London on suspicion of insider trading, Bloomberg reports. “Investigators from the Financial Services Authority flanked by officers from the Metropolitan Police arrested the […]
FBI: Three Connecticut Hedge Fund Executives Charged With Fraud
New York (HedgeCo.Net) – A federal grand jury in New Haven has returned a 19-count indictment charging three executives of New Stream Capital LLC, a Ridgefield, Connecticut hedge fund, with conspiracy, securities fraud, and wire fraud offenses, the FBI reported […]
Witness in Rajaratnam Hedge Fund Insider Trading Case Gets One Year Behind Bars
New York (HedgeCo.Net) – Roomy Khan, a government co-operator in the biggest hedge fund insider trading conspiracy in US history, has been sentenced to one year in prison. Khan has pleaded guilty to passing inside information to Galleon Group fund […]
BCM Hedge Fund Analyst Sentenced in Manhattan
New York (HedgeCo.Net) – Jason Pflaum, a former research analyst with the hedge fund Barai Capital Management (BCM), was sentenced to time served, followed by two years of supervised release, for his participation in an insider trading scheme in which […]
Insider Trading: California Hedge Fund Founder Gets 2 Years Behind Bars
New York (HedgeCo.Net) – San Francisco hedge fund founder Doug Whitman was sentenced yesterday to two years behind bars after a conviction on securities fraud and conspiracy charges. Whitman Capital, the hedge fund he had presided over had about $100 million in assets. […]
Hedge Fund Fraud: Wireless Analyst Sentenced to 4+ Years
New York (HedgeCo.Net) – The securities research analyst who had publicly refused in 2010 to wear a wire in a hedge fund insider trading trading probe was sentenced yesterday to over four years in prison, Bloomberg’s HedgeWorld reports. John Kinnucan […]
California Hedge Fund Manager Jailed For Fraud
New York (HedgeCo.Net) – Albert Ke-Jung Hu, a silicon valley hedge fund manager, has been jailed for 12 years on charges of defrauding investors out of at least $6.5 million. “Instead of investing the money as promised, Hu “converted that money […]
Madoff: Doomed Hedge Fund Magnate Speaks Out
New York (HedgeCo.Net) – The master of manipulation, Bernie Madoff, second only to Charles Ponzi himself, sent out a Christmas memo claiming that “Insider trading… has been present in the market forever, but rarely been prosecuted.” “Markets have always focused on […]
2 Prominent Hedge Fund Managers Found Guilty
New York (HedgeCo.Net) – A New York jury has found Anthony Chiasson and Todd Newman, both former hedge fund managers, guilty of insider trading charges. The NYT reports: “The government built its case around the testimony of two key witnesses: Spyridon Adondakis, […]