Category Archives: Hedge Fund Fraud

Ex-IBM SVP Pleads Guilty To Hedge Fund Insider Trading

March 30, 2010 : Permalink

New York (HedgeCo.net) – Robert Moffat, Jr., a formerly of IBM, pleaded guilty in the Manhattan federal court to conspiracy and securities fraud. “Moffat’s guilty plea marks the 11th conviction in this ongoing insider trading investigation.” U.S. Attorney Preet Bharara […]

Novum Statement on FSA Insider Trading and Hedge Fund Fraud Case

March 26, 2010 : Permalink

New York (HedgeCo.net) – The Financial Services Authority (FSA) visited the offices of independent UK securities stockbroker, Novum Securities, on the 23 of March in relation to an investigation into a single member of Novum’s staff, who has been with the […]

Hedge Fund Founder Sued in Atlanta

March 25, 2010 : Permalink

New York (HedgeCo.net) – Robert L. Duncan, an Atlanta hedge fund manager is being accused of misleading investors. His fund, Seaside Partners Fund LP. is being sued by an Atlanta trust and two investment managers, the Piedmont Family Office Fund […]

Moore and Deutsche Bank Targeted in London Hedge Fund Raid

March 24, 2010 : Permalink

New York (HedgeCo.net) – London $14 billion hedge fund, Moore Capital Management was raided yesterday in the crackdown on insider trading, the New York Times reported. In their first joint operation the Financial Services Authority (FSA) and the Serious Organised […]

FSA Raids 16 Homes And Offices On Suspicion Of Hedge Fund Insider Trading

March 23, 2010 : Permalink

New York (HedgeCo.net) – In their first joint operation, the Financial Services Authority (FSA) and the Serious Organised Crime Agency (SOCA) have this morning searched 16 addresses in London, seizing documents and computers from both residential and business premises. Six […]

SEC Charges Texas Hedge Fund Advisor With Fraud

March 16, 2010 : Permalink

New York (HedgeCo.net) – The SEC has filed a federal case against hedge fund advisor Stephen X. Kim and Spyglass Management, L.P. for their roles in allegedly defrauding Spyglass Capital Partners, L.P., a hedge fund managed by Kim through Spyglass, […]

Minnesota Hedge Fund Manager Petters May Face Double Madoff Term

March 9, 2010 : Permalink

New York (HedgeCo.net) – U.S. prosecutors yesterday recommended a sentence of 335 years in prison for hedge fund founder Thomas Petters, more than twice the term given to Bernard Madoff, according to Bloomberg. Petters was charged with mail and wire […]

The Hedge Fund Fraud Casebook – Review

March 8, 2010 : Permalink

New York (HedgeCo.net) – Research and Markets has added John Wiley and Sons Ltd’s new report “The Hedge Fund Fraud Casebook” to their offering. An in-depth look at the first 100 cases of proven fraud at hedge funds. Some highlights: […]

Florida Hedge Fund Manager Nadel Pleads Guilty in Ponzi Scheme

February 25, 2010 : Permalink

New York (HedgeCo.net) – Former hedge fund manager Arthur G. Nadel has pled guilty to 15 counts of securities fraud, mail fraud, and wire fraud, the US attorney for the southern district of New York said. The indictment claims that […]

Rabbi Charged With Blackmailing Hedge Fund

February 22, 2010 : Permalink

New York (HedgeCo.net) – Orthodox Rabbi Milton Balkany has been charged with trying to blackmail a hedge fund, threatening to tell authorities about alleged insider trading at the fund, it was reported by Reuters this morning. Athough the prosecutors didn’t […]

Hedge Fund Fraud Case Postponed Until After Civil Suit

February 18, 2010 : Permalink

New York (HedgeCo.net) – The date has been set for hedge fund founder Raj Rajaratnam’s criminal suit. New York Judge Richard Holwell has delayed it till Oct. 25, 2010. “Ensuring a full opportunity for both sides to litigate all the […]

Galleon Hedge Fund Case Wins Temporary Reprieve

February 12, 2010 : Permalink

New York (HedgeCo.net) – Hedge fund founder Raj Rajaratnam and his co-defendant, Danielle Chiesi, won an emergency order relieving him from having to turn over wiretap recordings in the SEC v Galleon case, according to a Reuters report. Because of […]