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Category Archives: Hedge Fund Fraud

Chicago-Based Hedge Fund Manager Caught Conducting A Ponzi Scheme

New York (HedgeCo.Net) – Chicago-based investment fund manager Neal V. Goyal and two hedge fund advisers that he owned and controlled –Blue Horizon Asset Management and Caldera Advisors – are being charged with violating the antifraud provisions of the Securities Act […]

Hedge Fund Manager Steven Cohen’s Case Delayed

New York (HedgeCo.Net) – People from US prosecutor Preet Bharara’s office have asked for a extension on a stay that has been in place since August in the case against Steven Cohen, the NYT reports. “Prosecutors want the proceeding stayed pending the […]

Eric Holder: Credit Suisse Pleads Guilty in Felony Tax Case

New York (Hedgeco.Net) – Attorney General Eric Holder yesterday announced that the Department of Justice filed a criminal information against one of the largest wealth managers in the world. Credit Suisse AG, “has agreed to plead guilty to criminal charges […]

Michael Steinberg Gets 3 1/2 Years For Hedge Fund Insider Trading

New York (HedgeCo.Net) – A portfolio manager at Steven A. Cohen’s hedge fund, SAC Capital Advisors, has been sentenced to three and a half years in prison for his alleged involvement in an insider trading scheme, TIME magazine reports. “Michael […]

Hedge Fund Advisory Firm Accused Of Distributing Falsified Performance Results

New York (HedgeCo.Net) – A New York-based investment advisory firm and two executives have had fraud charges and an asset freeze filed against them by the SEC for distributing falsified performance results to  investors in two hedge funds they managed. The […]

SEC Chair: 1,800 Hedge Fund Advisers Registered With SEC

New York (HedgeCo.Net) – SEC Chairman Chair Mary Jo White said that hedge fund and private equity fund managers have been charging improper fees to portfolio companies or the funds they manage. “Since the effective date of the Dodd-Frank Act, approximately […]

New York Hedgie Convicted Of Theft

New York (HedgeCo.Net) – Hedge fund founder and adviser Fredrick Douglas Scott, one of Ebony magazine’s “Top 30 under 30,” was sentenced to more than five years in prison for stealing over $1 million from investors. He pleaded guilty to engaging in a wire […]

Two Men Caught Trading on Confidential Information Gained Through Eavesdropping

New York (HedgeCo.Net) –  A man is being charged with violating a duty of trust by trading during a blackout window after he overheard work calls made by his wife. “Spouses and other family members may gain access to highly […]

SAC Affiliate Settles SEC Insider Trading Charges

New York (HedgeCo.Net) – Ronald Dennis, who worked at Steven A. Cohen’s SAC affiliated CR Intrinsic Investors has settled with the SEC on insider trading charges, Reuters reports. Ronald Dennis agreed to be barred from the securities industry and pay more than $200,000 […]

Hedge Fund Short Selling: Long Island Firm To Pay Record $7.2 Million Sanction

New York (HedgeCo.Net) – The largest-ever monetary sanction for Rule 105 short selling violations has been doled out by the SEC to a Long Island-based proprietary trading firm. Its owner agreed to pay $7.2 million to settle charges. According to […]

$12 Million Fraud: Over 5 Years In Jail For Hedge Fund Manager

New York (HedgeCo.Net) – A NY hedge fund manager was sentenced to 5 and a half years in prison for defrauding investors in a $12 million scheme, Reuters reports this morning. Lloyd Barringer pled guilty in July 2013 to four counts of […]

SEC Files Court Brief to Protect Whistleblowers From Retaliation

New York (HedgeCo.Net) – The SEC filed a “friend-of-the-court” brief, arguing that whistleblowers are entitled to protection from employer retaliation, even if they report the wrongdoing only to their employer and not to the SEC. The SEC stated that a whistleblower […]

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