Hedge Fund Manager Swiped $44M, Feds Say
Courthouse News Service – A Beverly Hills man defrauded his family and friends of $44 million by persuading them to invest in his two nearly worthless hedge funds and spent the money on a Malibu Beach...
View ArticleSEC Goes After Hedge Fund Managers
Courthouse News Service – Hedge fund operates took more than $2.5 million in kickbacks while putting clients into grossly overstated Wealth Management LLC accounts, the SEC claims in Federal Court. It...
View ArticleObama’s Overhaul Would Register Hedge Funds
Courthouse News Service – President Obama’s plan to overhaul financial regulations, to prevent a repeat of the country’s credit and banking catastrophe, is laid out in a "nearly final" 85-page document...
View ArticleHedge Fund Fraudster Faces Up To 10 Years
HedgeCo.net (West Palm Beach) – ‘Hedge fund operator’ Rod Stringer has pleaded guilty to money laundering in a $14 million Ponzi scheme, federal prosecutors say. He allegedly took money from 44 victims...
View ArticleHedge Fund CFO Says Boss Made Him Fall Guy
Courthouse News Service – The founder and general partner of a $5 billion hedge fund used the company’s CFO as a scapegoat when investors found out he used their money to buy a private Gulfstream jet,...
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