New York (HedgeCo.net) – An American fugitive, Alexsander Efrosman, also known as Alex Besser, has been arrested in Krakow, Poland, the Associated Press reports. The Polish police arrested the Staten Island “hedge fund manager”, who is wanted by the FBI […]

New York (HedgeCo.net) – Hedge fund adviser Kenneth Starr has been charged with investment fraud in an alleged $30 million scheme in which Andrew Stein, a former New York City politician, has also been described as an “associate”, the Wall […]

New York (HedgeCo.net) – In what looks like an muddled attempt at insider trading, a Disney press office secretary was accused of trying to sell Disney’s quarterly figures three days before they were due to be announced, TimesOnline reported. It […]

New York (HedgeCo.net) – The Wall Street Journal reports that Mark Kurland, former partner at hedge fund New Castle Funds LLC was sentenced to over two years in prison (27 months). Kurland pled guilty to insider trading in January with […]

New York (HedgeCo.net) – The Denver Post reports that authorities have seized the assets of local hedge fund manager Sean Mueller. The State is accusing him of running a Ponzi scheme involving approximately $122 million. An investment statement released by […]

New York (HedgeCo.net) – The SEC has charged the self-proclaimed, “Wolves of Wall Street,” a Staten Island investment advisory firm, with operating an Internet-based scam that misleads investors into paying fees for phony stock tips and investment advice from fictional […]

New York (HedgeCo.net) – Weizhen Tang was jailed in mid-January this year on the charges of running a multi-million dollar Ponzi scheme. The SEC said that the defendant orchestrated the fraud through an overseas hedge fund and a Texas-based investment […]

New York (HedgeCo.net) – Hedge fund manager and owner and President of New York Financial Company (NYFC), was arrested in an FBI operation on allegations of wire and hedge fund fraud in an alleged $1.6 million investment fraud scheme, according […]

New York (HedgeCo.net) – Bloomberg reports that hedge fund managers are being recruited by the SEC to boost oversight of the $14 trillion hedge fund industry. “The fund world has become much more sophisticated and complex over the last decade,” […]

New York (HedgeCo.net) – The U.S. District Court in Manhattan has ruled that KPMG LLP., cannot be sued for its ties with a hedge fund which was found to be a “feeder fund” for Madoff. The accounting firm won dismissal […]

New York (HedgeCo.net) – Ethan Conrad, Frank Sim and Harrold Pressly are being accused of running a bogus hedge fund, the Black Card Group, based in Las Vegas. The allegations, according to Courthouse News Services, claim a family was cheated […]