Hedge Fund News From HedgeCo.Net


Category Archives: Hedge Fund Fraud

New York Lawyer Charged With Conducting Ponzi Scheme After Being Rescued From Hudson River

New York (HedgeCo.Net) – The Securities and Exchange Commission has charged a Manhattan-based attorney with conducting a Ponzi scheme that defrauded some of his legal clients as well as close family members and friends. The SEC alleges that Charles A. […]

Buffalo Hedge Fund Managers Agrees to Settle Charges

New York (HedgeCo.Net) – The Securities and Exchange Commission has filed fraud charges against a Buffalo, N.Y.-based investment advisory firm and two co-owners accused of making false and misleading statements to clients when recommending investments in a risky hedge fund. […]

Hedge Fund Managers Get Hefty Jail Sentence

New York (HedgeCo.Net) – NY attorney Preet Bharara has announced that Stephen Walsh and Paul Greenwood, co-founders of hedge fund advisory and investment company, WG Trading Company, and WG Trading Investors, were sentenced in Manhattan federal court in connection with a […]

California Hedge Fund Founder Denied Re-Trial

New York (HedgeCo.Net) – San Francisco hedge fund founder Doug Whitman has been denied a new trial on his insider trading case which earned him two years in jail, the WSJ reports. Whitman was sentenced in January 2013 after a […]

Hedge Fund Manager Fined $840,000

New York (HedgeCo.Net) – Former hedge fund manager Rajarengan “Rengan” Rajaratnam has been ordered to pay more than $840,000 and was warned against committing future violations of the federal securities laws. The SEC filed civil charges in March 2013 against […]

‘Black Diamond’ Ponzi Scheme Leads To Jail For 3 Hedge Fund Managers

New York (HedgeCo.Net) – Three hedge fund managers have been arrested in connection with a $40 million investment fraud conspiracy. Jeffrey Toft of Sioux Fall, S.D., was sentenced to 66 months in prison followed by two years of supervised release. […]

SEC Charges New Jersey-Based Hedge Fund Manager with Insider Trading

New York (HedgeCo.Net) – The Securities and Exchange Commission filed insider trading charges against a New Jersey-based hedge fund manager who allegedly used material, nonpublic information to trade in advance of market-moving news concerning Carter’s Inc. Stephen Slawson, who lives […]

Staten Island Man Charged With Running A Fake Hedge Fund

New York (HedgeCo.net) – Staten Island resident, Anthony Coronati, an investment adviser to a fictitious hedge fund that he claimed would invest in equity securities, has been charged by the SEC with conducting several fraudulent securities offerings and siphoning some […]

FBI Allege $311 Million Global Hedge Fund Fraud Scheme

New York (HedgeCo.Net) – Two business associates in the hedge fund management industry have been charged by the FBI with defrauding institutional investors and causing collective losses of more than $311 million. Helmut Kiener is charged by indictment with four […]

Hedge Fund Manager Charged With Lying To Investors Over Madoff Losses

New York (HedgeCo.Net) – Former hedge fund manager Nikolai Battoo has been ordered to pay more than $358 million in a SEC lawsuit stemming from million in losses Battoo hid from investors. “This is an appropriate penalty because of the sheer […]

Two Florida Men Charged With Looting Their Own Hedge Fund

New York (HedgeCo.Net) – Robert Buckhannon and Terry Rawstern have been arrested by the FBI for attempting to steal from the 2 Florida hedge funds they ran, NBC reports. They could each spend up to 30 years in jail if […]

Texas Tycoon To Pay Up To $4 Million In Fines

New York (HedgeCo.Net) – Defendant Sam Wyly and the estate of his now deceased brother Charles Wyly, have been ordered to pay disgorgements that could reach $400 million, potentially bankrupting the Texas “entrepreneur.” The Wylys’ scheme defrauded the investing public […]

Related Posts Plugin for WordPress, Blogger...