Category Archives: Hedge Fund Fraud
NY Hedge Fund Affiliate Accused Of Fraud
New York (HedgeCo.Net) – Platinum Partners, an affiliate of NY hedge fund manager Platinum Management has been accused of fraud by Hartz Solar Hamilton LLC., According to new Jersey website NorthJersey.com. Hartz filed suit in U.S. District Court (Newark), saying that the […]
New Century Hedge Fund Manger Sentenced In NY
New York (HedgeCo.Net) – Florida-based hedge fund manager Ward Onsa has been sentenced Friday in Brooklyn federal court to serve 78 months in prison for running a Ponzi scheme. Onsa is the manager of New Century Hedge Fund Partners LP., he […]
Technology Analyst Expected to Plead Guilty in Insider Case
New York Times – A technology research analyst who gained notoriety for taunting the federal government over its pursuit of insider trading is expected to plead guilty in United States District Court in Manhattan on Wednesday, according to people briefed […]
Romney’s Hedge Fund Past Laid Bare By IRS Submissions
New York (HedgeCo.Net) – Mitt Romney may have committed a crime in saying that he quit his fortune building hedge fund Bain Capital in 2009, sources say. The Obama admin has reported: “Romney may have misrepresented his position to the […]
$21 Million International Hedge Fund Fraud Case Results in Guilty Pleas
New York (HedgeCo.Net) – An investigation into hedge fund fraud that was initiated from a SAR resulted in guilty pleas, forfeiture, and in the case of the ringleader, a lengthy prison sentence. All of the victims were non-U.S. residents. Also highlighted were […]
Hedge Fund Manager Crispin Odey Buys up Barclays Shares
New York (HedgeCo.Net) – European hedge fund manager, Crispin Odey, founding partner at $6.9 billion hedge fund, Odey Asset Management, has bought 10 million pounds’ worth of shares in Barclays, Reuters reported today. Barclays is in the middle of a scandal over interest rate […]
Controversial Hedge Fund Manager Charged By SEC
New York (HedgeCo.net) – The hedge fund manager who challenged the US wireless broadband connectivity system by launching a cheaper alternative has been under investigation by the SEC for alleged manipulation of bond prices and favoring certain clients over others. The SEC said that Philip […]
Update: Merkin To Pay $405M in Madoff-related Hedge Fund Settlement
New York (HedgeCo.net) – Billionaire hedge fund manager J. Ezra Merkin has agreed to pay $410 million in a civil settlement negotiated by the New York State attorney general’s office and Bart M. Schwartz, Receiver of the Gabriel Capital L.P. and […]
Galleon hedge fund case brings down Former Goldman Sachs director Rajat Gupta
New York (HedgeCo.Net) – Preet Bharara, the United States Attorney for the Southern District announced that Rajat K. Gupta, former corporate chairman of an international consulting firm and a member of the Boards of Directors of The Goldman Sachs Group […]
Hedge Fund Fraud: Magnus Peterson of Weavering Capital Fund Guilty
New York (HedgeCo.net) – After a long and drawn out trial regarding the collapse of the UK’s largest Hedge fund, Magnus Peterson the boss of the Mayfair-based Hedge Fund has been found guilty of fraud and breach of duty and […]
SEC says taking “close look” at #zombie funds
Reuters – U.S. regulators are looking at so-called #zombie funds where money managers continue to get paid from investors even though the fund is essentially inactive, a top Securities and Exchange Commission official said on Sunday. “We are going to […]