Category Archives: Hedge Fund Fraud
New Jersey Hedge Fund Manager Sentenced To 11 Years In Prison For $1.6 Million “Virtual Office” Fraud
New York (HedgeCo.net) – The former owner and president of New York Financial Co. (NYFC) was sentenced yesterday to 132 months in prison for his role in a $1.6 million investment fraud scheme. In addition to the prison term, the Judge […]
Stanford Found Guilty Of $7B Ponzi Scheme
Texas financier R. Allen Stanford was convicted on Tuesday on 13 of 14 counts of fraud in connection with a $7 billion Ponzi scheme. Three years had elapsed between Stanford’s being accused of the hedge fund fraud—which involved 30,000 investors […]
Two Hedge Fund Managers Sentenced to a Combined 17 Years Behind Bars
New York (HedgeCo.net) – Utah-based hedge fund managers Thomas Repke and James Jeffery were sentenced today to federal prison on charges of conspiracy to commit wire and mail fraud. The pair were principals of hedge fund operator known as Coadum Capital […]
Four Black Diamond Hedge Fund Managers Indicted, IRS, FBI
New York (HedgeCo.net) – The FBI and the IRS announced that a federal grand jury returned an indictment against hedge fund managers Jonathan Davey, Jeffrey Toft, Chad Sloat and Michael Murphy on four criminal charges relating to a hedge fund […]
US Judge Finds UK Hedge Fund Adviser Guilty Of Securities Fraud
New York (HedgeCo.net) – New York Judge Robert W. Sweet issued an Opinion in favor of the SEC finding that United Kingdom-based hedge fund adviser Pentagon Capital Management PLC (PCM) and Lewis Chester, PCM’s Chief Executive Officer, engaged in securities […]
News Roundup: 7 Hedge Fund Managers and Analysts Charged
“New York (HedgeCo.net) – Obama’s financial fraud task force yesterday unveiled a hedge fund fraud case involving a “club” of high profile NY men, charged with insider trading involving computer company DELL. Of those seven, three people have been arrested, one […]
Investors To Sue Hartline For Endorsing “Crony Capitalism” Hedge Fund Scam
New York (HedgeCo.net) – Hartline Investment Corp is under fire for recommending a $550 million Florida hedge fund that is now subject to lawsuit filed by the SEC. Five investors followed the advisers advice and put $11.6 million into the […]
Coadum Hedge Fund Managers Plead Guilty to International Fraud
New York (HedgeCo.net) – Thomas Repke, of Salt Lake City, Utah, pleaded guilty to conspiracy to commit fraud. His codefendant and former business partner, James Jeffery of Ontario, Canada, pleaded guilty in April 2011. The jury trial was scheduled to begin […]
New Jersey “Hedge Fund Managers” Charged With $3.5 Million Fraud
New York (HedgeCo.net) – Two men claiming to run New Jersey-based hedge funds using a secret algorithm to invest in foreign currency have been charged for allegedly defrauding victims out of more than $3.5 million and spending the investments on […]
Two Cold-Callers Sentenced To Over 5 Years For $18 Million Hedge Fund Fraud
New York (HedgeCo.net) – William Shternfeld and Benjamin Koifman have been sentenced in a NY court to 63 months each in prison for participating in a conspiracy to defraud investors of more than $18 million through a fraudulent hedge fund, the […]