New York (HedgeCo.net) – One of Goldman Sachs’ former directors, Rajat Gupta, has been arrested on charges of insider trading as a co-conspirator in the criminal case against hedge fund manager Raj Rajaratnam. The New York Times reports: “Rajat K. Gupta, a […]

New York (HedgeCo.net) – The SEC yesterday obtained an asset freeze against a Massachusetts hedge fund manager and his investment advisory firm. Andrey C. Hicks and Locust Offshore Management LLC are charged with misleading investors in a supposed quantitative hedge fund and […]

New York (HedgeCo.net) – Hedge fund founder Raj Rajaratnam has been sentenced to 11 years in prison on Thursday by Manhattan Judge Richard J. Holwell. The judge also imposed a $10 million fine and ordered a forfeiture of $53.8 million. Since his October 2009 […]

New York (HedgeCo.net) – Former Samsung manager Suk-Joo Hwang has admitted to leaking early information on the iPad to representatives from an “expert network” firm and a hedge fund, according to Apple Insider. In exchange for immunity, Hwang testified in […]

New York (HedgeCo.net) – The manager of the now defunct Chicago hedge fund, Lake Shore Asset Management, has pleaded guilty to a fraud scheme, Reuters reported today. “Baker from 2002 to September 2007 obtained the $291.9 million from about 900 […]

New York (HedgeCo.net) – Jason Goldfarb has been sentenced to three years in prison for passing information to a stock trader about mergers and acquisitions in exchange for $32,500 in cash bribes, Reuters reports. Goldfarb pleaded guilty on Friday to […]

New York (HedgeCo.net) – London hedge fund Rubicon Fund Management LLP have issued legal proceedings against two of its former fund managers, Santiago Alarco and Tim Attias. Also included in the legal action is Catherine Cripps, who was an Investment […]

New York (HedgeCo.net) – Irving H. Picard, the Trustee for the SIPA liquidation of Bernard L. Madoff Investment Securities LLC (“BLMIS”), today announced that he has reached a settlement with more than a dozen domestic and foreign investment funds, their […]

New York (HedgeCo.net) – Over the weekend there were hedge fund fraud related convictions in the US, Australia and Germany. All were sentenced to serious jail time. US: Five employees for hedge fund manager A&O Resource Management Ltd were sentenced for their part in a […]

New York (HedgeCo.net) – Walter Shimoon pled guilty yesterday to two counts of conspiracy to commit securities fraud and wire fraud and one count of securities fraud. CNN Money says: Shimoon, a fomer director at Flextronics, a Singapore-based company that […]