Category Archives: Hedge Fund Fraud
Bush Hedge Fund Bid Under Scrutiny
New York (HedgeCo.net) – A hedge fund managed by Marvin Bush, the brother of former President George W. Bush, failed to disclose previous litigation against its founding partner. The Nashville legal department, according to news source The Tennessean, is looking […]
Squawk Box Hedge Fund Manager Declared A Fugitive
New York (HedgeCo.net) – CNBC analyst and hedge fund manger, Brian Kim, is wanted by the SEC over an alleged Ponzi scheme. The New York Daily News reported that Kim was indicted on grand larceny and other charges involving a $4 million scheme that […]
Galleon/Rajaratnam Hedge Fund Trial Phostponed Till March 2011
New York (HedgeCo.net) – U.S. District Court Judge Richard Holwell in New York has postponed hedge fund founder Raj Rajaratnam’s trial from February 28, to March 8th, according to Reuters. The judge did not provide a reason. Reuters reported that according to […]
Kurland To Pay $4.4 Million In Hedge Fund Fraud Settlements
New York (HedgeCo.net) – Mark Kurland, a former partner at hedge fund New Castle Partners is to pay $4.4 million to settle allegations of insider trading, a regulatory filing has revealed. Kurland was one of a number of executives working […]
Guy Albert de Chimay Pleads Guilty To $7 Million Hedge Fund Scheme
New York (HedgeCo.net) – Former New York hedge fund manager, Guy Albert de Chimay, pleaded guilty this week to grand larceny and running a $7 million Ponzi scheme. He was arrested in June, 2010, in North Carolina and charged with securities […]
6 Charged In Hedge Fund Insider Trading Case
New York (HedgeCo.net) – The SEC yesterday charged Mark Anthony Longoria, a manager at A.M.D.; Daniel L. DeVore, a manager at Dell; Winifred Jiau, a consultant with insider information about Marvell Technologies, and Walter Shimoon, an executive at Flextronics International. […]
First Hedge Fund Manager Named In Galleon Probe
New York (HedgeCo.net) – The SEC probe of hedge fund insider trading has named Barai Capital Management LP’s founder and former hedge fund manager at Citigroup, Samir Bara, as a co-conspirator in a complaint against an ex-consultant for networking firm Primary Global LLC, Bloomberg […]
Connecticut Hedge Fund Manager Charged By The SEC In $53 Million Fraud
New York (HedgeCo.net) – The SEC has obtained a court order freezing the assets of a Stamford, Conn.-based investment adviser and its principal, Francisco Illarramendi, charging that they misappropriated at least $53 million in investor funds and used the money […]
Investor Fraud Task Force Snags More “Hedge Fund Managers”
New York (HedgeCo.net) – New Jersey hedge fund manager Robert J. Sucarato has entered a guilty plea in connection with a $1.6 million investment fraud scheme, Sucarato is President of the New York Financial Company (NYFC), the Westmoreland Times reported […]
Tenacious Contacts Lead To $1 Billion International Hedge Fund & Loan Scam
New York (HedgeCo.net) – The founder of Hong Kong-based hedge fund consultancy company and New York lawyer has been linked to two Liechtenstein businessmen recently fined $157 million each for their part in a US loan scam, according to The […]
Chiesi Pleads Guilty Ahead Of Rajaratnam/Galleon Hedge Fund Trial
New York (HedgeCo.net) – Danielle Chiesi has pleaded guilty at a plea proceeding in U. S. District Court located in New York. She was accused of receiving insider information worth $1.7 million from Robert Moffat, Jr., who also pleaded guilty in […]