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Category Archives: Hedge Fund Fraud

SEC: A “Fox In The Henhouse” Compliance Officer Stealing From His Own Hedge Fund

New York (HedgeCo.Net) – A Long Island man has been accused of stealing from hedge fund brokerage firm Trident Partners. While working as the director of compliance, the SEC alleges that William Quigley opened three brokerage accounts to misappropriate investor […]

Father And Son Charged With Hiding Insider Secrets In Golf E-mails

New York (HedgeCo.Net) – A father and son in New York have been charged with conducting a serial insider trading scheme involving tips of key nonpublic information in coded e-mail messages disguised as discussions about golf. The scheme generated approximately $1.1 […]

Santa Barbara-Based Hedge Fund Advisers Charged With Misconduct

New York (HedgeCo.Net) -California hedge fund adviser Alpha Titans LLC and two executives have been involved in improper allocations of fund assets to pay undisclosed operating expenses, the SEC said. Also charged was an accountant who conducted the outside audit […]

Married Couple Sentenced To Jail For Stealing $6.5 Million Through A Fictitious Hedge Fund

New York (HedgeCo.Net) – An Oklahoma husband and wife were handed prison sentences yesterday for stealing over $6.5 million from six victims who thought they were investing in a hedge fund. Linda Livolsi was sentenced to 45 months (3.75 years) in […]

Agape Employees Convicted For Massive Ponzi Scheme

New York (HedgeCo.Net) After four weeks of trial, a federal jury in New York, returned guilty verdicts against Diane Kaylor and Jason Keryc, former employees of Agape World, Inc. (Agape), on charges of securities fraud, conspiracy, mail fraud, and wire […]

NY Financial Advisor Charged With Stealing $20 Million From Customers

New York (HedgeCo.Net)  – The Securities and Exchange Commission announced fraud charges against a New York City-based financial advisor accused of stealing at least $20 million from customers to fund his own brokerage accounts and then squandering the bulk of […]

Hedge Fund Advisor BlackRock Settles With SEC For $12 Million

New York (HedgeCo.Net) – BlackRock Advisors LLC has agreed to settle SEC charges of failing to disclose a conflict of interest among its ranks and will pay a $12 million penalty. The hedge fund advisor will also hire an independent […]

Stay Lifted For Hedge Fund Manager Michael Steinberg

New York (HedgeCo.Net) – A portfolio manager at Steven A. Cohen’s hedge fund, SAC Capital Advisors, was granted a chance to appeal his conviction for conspiracy and securities fraud charges in an insider trading scheme, USA Today reports. The Judge allowed […]

Hollywood Film Scheme Results in Unhappy Ending for Investors

New York (Hedgeco.Net) – The owners of Gigapix Studios told investors they had a sure thing: They were going to make an animated version of the Wizard of Oz called OZ3D, and those who got in on the ground floor—and […]

Hedge Fund Manager Sentenced To Two Years Behind Bars

New York (HedgeCo.Net) – Hedge fund manager and adviser Berton Hochfeld was sentenced to two years in prison for defrauding investors out of more than $1 million. Hochfeld pled guilty in January to securities fraud and wires fraud in connection […]

Rep. Mike McKell: Utah Is “A Hot Bed For Financial Fraud”

New York (HedgeCo.Net) – A White Collar Crime Registry has been included in the Utah Code of Criminal Procedure allowing the public to check up on traders, hedge fund managers, investment advisors and the like, the NYT reports. “Utah is […]

Hedge Fund Crime Ring Uncovered, A Dozen Criminals Brought to Justice

New York (HedgeCo.Net) – Nearly a dozen fraudsters who conspired to operate the $40 million Black Diamond hedge fund Ponzi scheme will be spending plenty of time behind bars after a joint effort by the FBI, the Internal Revenue Service, […]

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