Category Archives: Hedge Fund Fraud
Hedge Fund Court News Roundup: Rajaratnam’s Defense Strategy
New York (HedgeCo.net) – Hedge fund founder Raj Rajartatnan has spent the last four weeks listening tho the prosecution’s allegations and the case has moved on to his rebuttal. The defense called i’s first witness today in what is being calle d the largest insider […]
News Roundup: FBI Testifies Against Hedge Fund Founder
New York (HedgeCo.net) – Hedge fund manager Raj Rajaratnam is charged with 14 counts of conspiracy and securities fraud. He is accused of making $45 million in illicit profits between 2003 and March 2009 on leaked stock tips from highly […]
Galleon Roundup: Inside Top Hedge Fund Manager’s Secret Emails
New York (HedgeCo.net) As the Galleon insider trading enters into its third week, jurors are hearing recordings of hedge fund billionaire Raj Rajaratnam’s wiretapped conversations and more of Rajaratnamn’s colleages are being named in the largest insider trading case in US history. Out […]
SEC Accuses Juno Hedge Fund Managers of $1.8 Million Fraud
New York (HedgeCo.net) – Two hedge fund founders, Eugenio Verzili and Arturo Rodriguez, have been sued by the SEC for misappropriating $1.8 million from one of their hedge funds, Juno Mother Earth Asset Management. The SEC alleged in Federal court […]
As Hedge Fund Jury Selected, Speculations Of Misplaced Trust Continue
New York (HedgeCo.net) – As the Sri Lankan born-American hedge fund manager charged with 14 counts of conspiracy and securities fraud awaits trial, speculation is mounting about who will be testifying against him, close friends and colleagues, among others. A […]
Former Goldman Director Charged In Galleon Case
New York (HedgeCo.net) – Former Goldman Sachs director Rajat Gupta has been charged with allegedly tipping hedge fund manager Raj Rajaratnam off to insider information in the giant SEC vs. Galleon case. Gupta is alleged to have told Rajaratnam of a $5 billion investment […]
“Side Pocket” Investments Prove Costly For California Hedge Fund Manager
New York (HedgeCo.net) – The SEC has charged a well known Bay Area hedge fund manager and philanthropist with concealing more than $12 million in investment proceeds that he owed investors in his fund. Lawrence Goldfarb agreed to pay more than […]
Moonlighting Hedge Fund Managers Charged With $30 Million Fraud
New York (HedgeCo.net) – The SEC has brought charges against four hedge fund managers who are accused of trading insider information they obtained while moonlighting as network consultants, Risk.net reports. “Samir Barai, Jason Pflaum, Noah Freeman and Donald Longeuil will be added […]
Hedge Fund Wiretap Evidence To be Used In Galleon Case
New York (HedgeCo.net) – Federal judge Judge Richard Holwell ordered that hedge fund founder Raj Rajaratnam has to hand over the taped evidence to be used against him at the March 8 trial, Reuters reported today. The hedge fund founder was given […]
SEC Taps Hedge Fund IM Platform: Charge Pair In $440 Million `Portfolio pumping´
New York (HedgeCo.net) – The SEC has charged two securities professionals, a hedge fund trader, and two firms involved in a scheme that manipulated several U.S. microcap stocks and generated more than $63 million in illicit proceeds. The SEC recorded […]
Hedge Fund Fraud: Texas Trader’s Assets Frozen
New York (HedgeCo.net) – The SEC unsealed an emergency court order halting an alleged Ponzi scheme by a hedge fund trader in the Dallas-Fort Worth area. Chris Blackwell is alleged to have sold investments in a phony fixed income trading program. […]
Hedge Fund Analyst Bail Includes House Arrest with Electronic Monitoring Bracelet
New York (HedgeCo.net) – Hedge fund consultant Winifred Jiau has pleaded not guilty to conspiracy and securities-fraud charges in the Galleon investigation. Bail was set at more than $500,000. According to the Seattle Times, the Judge agreed to the bail “Only after […]