Tag Archives: accounting-firm


Lehman’s U.K. Administrator Seeks to Return Hedge-Fund Assets

Bloomberg – Lehman Brothers Holdings Inc. may return hedge-fund assets as soon as next year that were frozen when the New York-based securities firm collapsed in the largest bankruptcy on record. PricewaterhouseCoopers, Lehman Brothers International Europe’s administrator, plans today to […]

Buyout, Hedge-Fund Managers Could Pay $24 Billion More in Taxes

Bloomberg – Executives at buyout, venture-capital and hedge-fund firms will pay an estimated $24 billion more in taxes over nine years if President Barack Obama gets his way. Obama’s 2010 budget proposal, released today, proposes raising taxes on the managers […]

Hedge fund founder used phony firm, returns: authorities

Reuters – A hedge fund manager overstated values by hundreds of millions of dollars, set up a phony accounting firm and showed uniformly positive returns for nine years to defraud investors, U.S. authorities said on Wednesday. James Nicholson, 42, founder […]

Chutzpah Spree by Accused Lawyer Nets $380 Million

Bloomberg – When Manhattan lawyer Marc Dreier needed to apply a patina of reality to allegedly bogus promissory notes he was pitching to hedge funds, he used Mission Impossible- type tricks. As the U.S. Attorneys Office in Manhattan tells it, […]

Colorado Hedge Fraudster Will Serve 24 Years

New York (HedgeCo.Net) – Hamilton Alan Bird, formerly of XL Capital Partners, who headed the scheme that swindled over $7.5 million of investors’ money, has been sentenced to 24 years in prison.  The Colorado Springs resident received his fate on […]

False Asset Statments Lead to Conviction

West Palm Beach (HedgeCo.net)- Kirk Wright’s Atlanta-based hedge fund company, International Management Associates, was found to be fraudlent leading to the conviction of the manager, Wright, as the Department of Justice unsealed a March 10 criminal complaint against him. "The […]

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