New York (HedgeCo.net) – A suspect in an investigation into German hedge fund firm K1 Group has allegedly committed suicide while being arrested by police in Spain, Bloomberg reported today. The hedge fund manager, Dieter Frerichs, 72, shot himself after […]

New York (HedgeCo.net) – Financial Industry Regulatory Authority (FINRA) has permanently barred a former Deutsche Bank broker from the securities industry for manipulating the price of Monogram Biosciences (MGRM) stock in an effort to enrich a hedge fund client, himself […]

New York (HedgeCo.net) – The former Chief Compliance officer of an Idaho hedge fund has been charged with fraud for misappropriating $650,000 in investor funds, the SEC said in a release today. The SEC alleges that between 2007 and 2009 […]

New York (HedgeCo.net) – Reuters reports that Galleon hedge fund founder Raj Rajaratnam and co-defendant Danielle Chiesi are asking more details of the purportedly illegal trades they are charged with, as well as separate trials. Rajaratnam and Chiesi are alleged […]

New York (HedgeCo.net) – The hedge fund trader who pled guilty of  conspiracy to commit insider trading in a London court yesterday has been orderes to pay about 287,000 pounds ($421,000) in fines and restitution, Bloomberg reports. “You cooperated immediately […]

New York (HedgeCo.net) – Nine more people have been charged in connection with the Gryphon Holdings Inc. case, where federal prosecutors allege a $20 million hedge fund scam, according to Staten Island Live (SIlive). Among the nine charged yesterday is […]

New York (HedgeCo.net) – A UK hedge fund trader pled guilty of  conspiracy to commit insider trading in a London court yesterday, according to the Associated Press. Anjam Ahmad, 39,  is out on bail but faces jail time. “I can […]

New York (HedgeCo.net) – The New York District Court has sentenced Alan Fishman to 37 months in prison for conspiring to commit securities fraud in a case involving hedge fund A.R. Capital Group Inc., which he founded. Daniel Ledven, also […]

New York (HedgeCo.net) – London hedge fund SRM Global’s case against Countrywide Financial Corp, the mortgage lender acquired by Bank of America, was dismissed yesterday according to a Reuters article. The hedge fund alleged that Countrywide was “flying blind” and […]

New York (HedgeCo.net) – The Telegraph reports that Lee Farkas, the former head of bankrupt mortgage lender Taylor, Bean & Whitaker, has been charged with fraud in a scheme of over $1billion. In a 30-page indictment, Farkas is alleged to […]

New York (HedgeCo.net) – Hedge fund manager Guy Albert de Chimay was arrested during the weekend in North Carolina and charged with securities fraud. Chimay, who claimed he was directly related to Belgian royalty (of the Chimay brewed by Trappist […]

New York (HedgeCo.net) – A Colorado Springs pastor found guilty in 2008 of hedge fund fraud lost his appeal in a Court yesterday according to the Colorado Springs Gazette. The pastor, Douglas Alan Scott, was charged with taking part in […]