{"id":4763,"date":"2006-07-24T00:00:00","date_gmt":"2006-07-24T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"tipster-exposes-mutual-fund-scandal","status":"publish","type":"post","link":"https:\/\/staging.hedgeco.net\/news\/07\/2006\/tipster-exposes-mutual-fund-scandal.html","title":{"rendered":"Tipster exposes mutual fund scandal"},"content":{"rendered":"<p>Malaysia Sun &#8211; A phone call from a New York whistleblower led to a $30 million settlement in what&#8217;s been called one of the biggest scandals in mutual funds history.<\/p>\n<p>Whistleblower Noreen Harrington tipped off investigators to the scandal, which involved hedge funds making improper mutual fund trades and ripping off small investors, The Washington Postreported.<\/p>\n<p>When a staff lawyer for New York Attorney General Eliot L. Spitzer returned Harrington&#8217;s phone call, Harrington talked about capacity, market timing, and after-hours trading. She talked mainly aboutthe Stern family, with whom she had worked since 2001, investing money into largely unregulated investment pools, mainly for wealthy people.<\/p>\n<p><a href=\"http:\/\/news.google.com\/news\/url?sa=T&amp;ct=us\/9-0&amp;fd=R&amp;url=http:\/\/story.malaysiasun.com\/p.x\/ct\/9\/cid\/3a8a80d6f705f8cc\/id\/0bc2943b6fa018f9\/&amp;cid=0&amp;ei=rXrERKm_LYakpQKEze2TAg\">ReadComplete Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Malaysia Sun &#8211; A phone call from a New York whistleblower led to a $30 million settlement in what&#8217;s been called one of the biggest scandals in mutual funds history. Whistleblower Noreen Harrington tipped off investigators to the scandal, which [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4763","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4763","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=4763"}],"version-history":[{"count":0,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4763\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=4763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=4763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=4763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}