Category Archives: Hedge Fund Fraud
Hedge Fund Manager Mueller Gets 40 Years, Elway Lost $15 Million
New York (HedgeCo.net) – Hedge fund manager Sean Mueller, who pleaded guilty last month to securities fraud and stealing $71 million from investors, was sentenced yesterday to 40 years behind bars. Mueller Capital’s Over-Under Fund raised more than $20 million from […]
DiamondBack Only One Of Many Hedge Funds Targeted By FBI
New York (HedgeCo.net) – One of three hedge funds raided by the FBI last week, Connecticut based Diamondback Capital Management LLC, has said that the FBI is investigating one of their employees and a portfolio manager, who has peen put on […]
Two New Traders Charged In Hedge Fund Case
New York (HedgeCo.net) – The SEC has charged two more hedge fund managers in the SEC v Galleon Management case, according to Courthouse News Services. Lanexa Management’s Thomas Hardin is alleged to have received around $950,000 from insider trading. The SEC also charged Hardin and […]
Hedge Fund Fraud: Stanford Beaten in Jail
New York (HedgeCo.net) – The Texas financier who is being held without bail awaiting trial on charges of an $8 billion fraud scheme, was reported to have been beaten up in prison for talking on the phone. Stanford was connected to […]
Hedge Fund Fraud: Nicholson Gets 40 Years
New York (HedgeCo.net) – Hedge fund founder James Nicholson pleaded guilty to stealing up to $140 million in a Ponzi type scheme. He was sentenced to 40 years in prison on Friday by U.S. District Judge Richard Sullivan. The New […]
Hedge Fund Manager Chimay Charged Again In Bridge Loan Scheme
New York (HedgeCo.net) – New York hedge fund manager, Guy Albert de Chimay, who was arrested in North Carolina and charged with securities fraud this June has been accused of stealing an additional $690,000, according to Bloomberg. The New York […]
Hedge Fund Fraud: Nadel Sentenced To 14 Years
New York (HedgeCo.net) – Florida hedge fund manager Arthur Nadel was sentenced to 14 years at the same prison where Bernie Madoff is serving his 150 year sentence. Nadel’s lawyer argued for five years because of his client’s heart condition, […]
Broncos Elway Files Against Hedge Fund
New York (Hedgeco.net) – Former quarterback for the Denver Broncoes, John Elway and his partner Mitch Pierce, have filed court documents investigating the $15 million they invested March 2010 with hedge fund manager Sean Mueller, the WSJ reports. The hedge […]