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	<title>Hedge Fund News From HedgeCo.Net &#187; federal prosecutors</title>
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	<description>Breaking Hedge Fund News</description>
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		<title>Hedge Fund Fraudster Faces Up To 10 Years</title>
		<link>http://www.hedgeco.net/news/07/2009/hedge-fund-fraudster-faces-up-to-10-years.html</link>
		<comments>http://www.hedgeco.net/news/07/2009/hedge-fund-fraudster-faces-up-to-10-years.html#comments</comments>
		<pubDate>Tue, 07 Jul 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[HedgeCo News]]></category>
		<category><![CDATA[8 years]]></category>
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		<description><![CDATA[HedgeCo.net (West Palm Beach) &#8211; &#8216;Hedge fund operator&#8217; Rod Stringer has pleaded guilty to money laundering in a $14 million Ponzi scheme, federal prosecutors say. He allegedly took money from 44 victims over 8 years, claiming to be &#34;a day trader and hedge fund operator, although he was not a licensed securities broker,&#34; the U.S. [...]]]></description>
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		<title>Lake Shore Asset Management chief Philip J. Baker indicted</title>
		<link>http://www.hedgeco.net/news/06/2009/lake-shore-asset-management-chief-philip-j-baker-indicted.html</link>
		<comments>http://www.hedgeco.net/news/06/2009/lake-shore-asset-management-chief-philip-j-baker-indicted.html#comments</comments>
		<pubDate>Thu, 18 Jun 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
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		<description><![CDATA[Chicago Tribune &#8211; Federal prosecutors have unsealed a wide-ranging indictment against Philip J. Baker, accusing the head of Chicago-based hedge fund Lake Shore Asset Management Ltd. of defrauding hundreds of investors out of roughly $312 million. U.S. Atty. Patrick Fitzgerald announced the 27-count indictment Tuesday and said it &#34;was unsealed to facilitate international efforts to [...]]]></description>
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		<title>Hedge Fund Indictment Says Cravath, Bryan Cave Were Duped</title>
		<link>http://www.hedgeco.net/news/06/2009/hedge-fund-indictment-says-cravath-bryan-cave-were-duped.html</link>
		<comments>http://www.hedgeco.net/news/06/2009/hedge-fund-indictment-says-cravath-bryan-cave-were-duped.html#comments</comments>
		<pubDate>Fri, 05 Jun 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
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		<description><![CDATA[Law.com &#8211; Federal prosecutors Thursday unsealed an indictment charging the chief executive of what used to be one of the world&#8217;s largest investment funds with constructing elaborate tax shelters for some of his wealthiest clients. The executive, Jeffrey Greenstein, the former head of the Seattle-based fund Quellos Group, and two lawyers face 18 counts related [...]]]></description>
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		<title>Seattle investment firm Quellos Group expected to be indicted in tax-evasion case Thursday</title>
		<link>http://www.hedgeco.net/news/06/2009/seattle-investment-firm-quellos-group-expected-to-be-indicted-in-tax-evasion-case-thursday.html</link>
		<comments>http://www.hedgeco.net/news/06/2009/seattle-investment-firm-quellos-group-expected-to-be-indicted-in-tax-evasion-case-thursday.html#comments</comments>
		<pubDate>Thu, 04 Jun 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[federal prosecutors]]></category>
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		<description><![CDATA[Seattle Times &#8211; Federal prosecutors are expected to unseal indictments Thursday in a massive tax-evasion investigation involving the Seattle investment firm Quellos Group, accusing its officers of operating offshore tax shelters used to hide hundreds of millions of dollars from the government, according to lawyers familiar with the case. Quellos has been under investigation for [...]]]></description>
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		</item>
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		<title>Hedge Fund Manager Swiped $44M, Feds Say</title>
		<link>http://www.hedgeco.net/news/05/2009/hedge-fund-manager-swiped-44m-feds-say.html</link>
		<comments>http://www.hedgeco.net/news/05/2009/hedge-fund-manager-swiped-44m-feds-say.html#comments</comments>
		<pubDate>Mon, 18 May 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
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		<description><![CDATA[Courthouse News Service &#8211; A Beverly Hills man defrauded his family and friends of $44 million by persuading them to invest in his two nearly worthless hedge funds and spent the money on a Malibu Beach home, Porsches, and poker, federal prosecutors say.&#160; Bradley L. Ruderman, 46, quoted as a financial expert by national media, [...]]]></description>
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		<title>Hedge funds manager&#8217;s girlfriend pleads guilty to helping him flee</title>
		<link>http://www.hedgeco.net/news/02/2009/hedge-funds-managers-girlfriend-pleads-guilty-to-helping-him-flee.html</link>
		<comments>http://www.hedgeco.net/news/02/2009/hedge-funds-managers-girlfriend-pleads-guilty-to-helping-him-flee.html#comments</comments>
		<pubDate>Wed, 11 Feb 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
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		<description><![CDATA[CNN.com &#8211; The girlfriend of a convicted hedge fund manager who disappeared last year, leading to speculation that he had committed suicide rather than report to prison, pleaded guilty on Tuesday to helping him, according to federal prosecutors. Debra Ryan pleaded guilty to &#34;aiding and abetting Samuel Israel III&#8217;s failure to surrender to serve his [...]]]></description>
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		<title>Four in hedge fund sting convicted</title>
		<link>http://www.hedgeco.net/news/01/2009/four-in-hedge-fund-sting-convicted.html</link>
		<comments>http://www.hedgeco.net/news/01/2009/four-in-hedge-fund-sting-convicted.html#comments</comments>
		<pubDate>Thu, 15 Jan 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
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		<description><![CDATA[Newsday &#8211; Maybe you heard the one about the phony multibillion-dollar Long Island hedge fund that was actually performing a public service. No? Well, apparently neither did four confidence men, according to federal prosecutors. The four were convicted yesterday in federal court in Central Islip after walking into a federal sting operation in which they [...]]]></description>
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		<title>Alleged hedge fund scammer is arrested</title>
		<link>http://www.hedgeco.net/news/01/2009/alleged-hedge-fund-scammer-is-arrested.html</link>
		<comments>http://www.hedgeco.net/news/01/2009/alleged-hedge-fund-scammer-is-arrested.html#comments</comments>
		<pubDate>Fri, 09 Jan 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
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		<description><![CDATA[San Francisco Gate &#8211; Friday, January 9, 2009 Alexander James Trabulse, 61, was taken into custody Monday, according to U.S Customs and Border Protection officials. He appeared later that day before U.S. Magistrate Elizabeth Laporte in San Francisco and is to return to court today. He was arrested three days after federal prosecutors charged him [...]]]></description>
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		</item>
		<item>
		<title>Attorney paid cohorts to help execute swindle</title>
		<link>http://www.hedgeco.net/news/12/2008/attorney-paid-cohorts-to-help-execute-swindle.html</link>
		<comments>http://www.hedgeco.net/news/12/2008/attorney-paid-cohorts-to-help-execute-swindle.html#comments</comments>
		<pubDate>Wed, 24 Dec 2008 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
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		<description><![CDATA[New York Daily News &#8211; Disgraced Park Ave. lawyer Marc Dreier gave fellow scamsters $100,000 to impersonate others in calls to victims, Manhattan federal prosecutors said Tuesday. The new details emerged at a bail hearing for former broker Kosta Kovachev, 57, arrested yesterday for allegedly helping Dreier try to steal some $100 million from hedge [...]]]></description>
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