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Buffett Wannabe Tied to $2 Billion Ponzi Scheme

New York Post - Billionaire Tom Petters fancied himself the next Warren Buffett - that is until his empire starting crashing down like a house of cards.
The feds accuse Petters, one of Minneapolis’ fastest rising business stars, of secretly being at the center of an elaborate $2 billion corporate ruse, stretching over the […]

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Hedge fund arrests send chill through industry

Reuters - Pictures of hedge fund managers in handcuffs being led away to face fraud charges on Thursday have sent a chilling message to the $2 trillion (1 trillion pound) industry.
The warning was clear: mind what you say in your e-mails if you are a manager and do a lot of due diligence if you […]

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