Hedge Fund Blogs From HedgeCo.Net
Category Archives: fraud
Right Wing Talk Show Host George Jarkesy Charged by the SEC in Hedge Fund Fraud Case
George Jarkesy, the 37-year-old Nationally Syndicated right-wing talk show host turned Hedge Fund manager was charged by the SEC on March 23rd for Fraud in his Hedge Fund. In his radio show George Jarkesy proclaims himself as a “Defender of Capitalism”, and rails against the government manipulating the market to the hurt of investors. Ironically the SEC is charging Jarkesy and [...]
Supreme Court decision in Janus securities fraud case
This morning the U.S. Supreme Court has delivered its ruling in the securities fraud case Janus Capital Group v. First Derivatives Traders. The case is another in which investors tested boundaries between primary and secondary players who might be liable for damages in such fraud cases. The Court, reversing a Fourth Circuit decision, held that Janus Capital Management, investment adviser [...]
FINRA Pre-IPO Social Media Offerings Alert
The Financial Industry Regulatory Authority (FINRA) has issued an alert to warn investors about pre-IPO scams purporting to offer access to shares of Facebook, Groupon, Twitter and Zynga. These companies have millions of subscribers and have dramatically changed the way people interact. But social media has also become the latest hook on which con artists can hang a scam. In [...]
NY Law Firm Launches SEC Whistleblower Site
Manhattan law firm, Stuart D. Meissner LLC, announced today the launching of www.SECSnitch.com, targeting whistleblowers under the new whistleblower provisions within the July 21, 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act. The Act awards whistleblowers who provide “original information” leading to the successful prosecution of the violation of securities laws to recover 10% to 30% of any monetary sanctions exceeding [...]
UK Bribery Bill Will Give Sharper Teeth To Global Fraud Clampdown
Britain looks set to become part of the world’s biggest ever concerted attack on fraud and corruption within financial institutions. The Bribery Bill – which now seems certain to be passed before the UK General Election – will bring Britain more into line with tough U.S. regulations, according to Complinet, one of the world’s leading suppliers of global finance solutions. [...]
Full Report On Hedge Fund Arrests – Allegations
The U.S. Department of Justice released the names of the eight defendants who were arrested yesterday, 5th Nov, 2009: 1. Zvi Goffer, who formerly worked at The Schottenfeld Group LLC (Schottenfeld), a broker dealer in New York, and currently operates a trading firm called Incremental Capital (Incremental), in New York; 2. Arthur Cutillo, an attorney at the law firm of [...]
Jeffrey Brown, logi Energy, Comments on Five Stages in the Life Cycle of Net Oil Exporters
The production decline rates for six examples of declining net oil exporting countries were all in the single digit range, and all but one were less than 5%/year. Continue reading
Francesco Rusciano – a timeline of hedge fund fraud
Of all the hedge fund fraud cases, Francesco Rusciano & the Ponta Negra funds, is probably the least interesting, except for one thing: the proximity to VP Joe Biden through Paradigm Global. Based on the information that is freely available online I’ve put together the timeline leading up to Francesco Rusciano arrest. 1982: Born to Frank Louis Rusciano and Roberta Fiske-Rusciano 2003: Writes [...]
Know Your Investment Partners — Frederic Bourke, The Pirate of Prague, Omega Advisors and the FCPA
This week we have a guest post by Matthew Reinhard, Member at law firm Miller & Chevalier The tale of hand-bag mogul, turned Azerbaijan oil-speculator, turned felon, Frederic Bourke came to an end in mid-December when the Second Circuit Court of Appeals sustained his conviction on conspiracy to violate the Foreign Corrupt Practices Act (“FCPA”) and other charges. The next day [...]