Tag Archives: fraud charges


U.S. and accused Bear managers battle over evidence

Forbes – U.S. prosecutors said on Tuesday that two former Bear Stearns Cos hedge fund managers facing trial on fraud charges are trying to impede the government’s access to documentary evidence. Lawyers for one of the accused, Ralph Cioffi, described […]

Fairfield settles with Massachusetts for $8 million

Pensions and Investments – Fairfield Greenwich agreed to pay about $8 million to settle charges leveled at the hedge fund-of-funds manager by William F. Galvin, Massachusetts secretary of the commonwealth, in connection with the Madoff Ponzi scheme. In settling, Fairfield […]

$100 million recovered in hedge-fund fraud case

Seattle Times – An official appointed to recover the assets of a prominent Manhattan lawyer accused of defrauding hedge funds of at least $400 million says he has safeguarded more than $100 million in assets, including an $18.5 million yacht. […]

Red Flags, New Evidence May Help Convict Deaf Ponzi Schemer

New York (HedgeCo.Net) – Marvin Cooper, who allegedly swindled deaf investors through his money management firm-turned Ponzi scheme, is maintaining his innocence despite new evidence uncovered Monday in federal court.   "Nobody’s been defrauded," Cooper’s attorney, Michael Glenn told the […]

Dreier Gets $20 Million Bond, Claims He Can’t Pay

Bloomberg - Marc Dreier, the New York lawyer jailed since his arrest for allegedly cheating hedge funds, won’t be able to post the $20 million bond that would free him, his lawyer told a federal judge. U.S. Magistrate Judge Douglas Eaton in […]

Fraudster Who Staged Death Transferred to Florida Jail

New York (HedgeCo.Net) – Marcus Schrenker, the pilot turned money manager accused of faking his own death to avoid fraud charges, was transferred from a Tallahassee hospital to a Pensacola jail on Monday. Schrenker, 38, purposely crashed his single-engine Piper […]

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