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Category Archives: Hedge Fund Fraud

SEC Charges Investment Adviser and Manager in South Florida-Based Fraud

New York (Hedgeco.Net) – The Securities and Exchange Commission has announced fraud charges and an asset freeze against a Fort Lauderdale, Florida-based investment advisory firm, its manager, and three related funds in a scheme that raised more than $17 million […]

Former Citadel Employee Arrested for Theft of Hedge Fund Trade Secrets

New York (HedgeCo.Net) – A young science engineer whippersnapper, Yihau Pu, also known as “Ben” has been sentenced to three years in federal prison, the Chicago Tribune reports. The prosecution said he “meticulously planned and brazenly executed” the theft of sensitive trade […]

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 […]

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