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    Today is Wednesday, March 10, 2010 at 
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    Posts Tagged ‘fraud scheme’

    US hedge fund manager arrested in Hong Kong

    Thursday, March 19, 2009 : Permalink

    International Herald Tribune – A Silicon Valley hedge fund manager has been arrested in Hong Kong on charges that he bilked out of at least $5 million.

    According to a criminal complaint unsealed Wednesday in San Jose federal court, Albert Hu faces six counts of for an scheme involving hedge funds he administered from 2002 to 2008, the San Jose News reported.

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    SEC enforcement chief Linda Thomsen resigns, replacement not named

    Tuesday, February 10, 2009 : Permalink

    - The top at the U.S. Securities and Exchange Commission is leaving the government less than a week after receiving an angry dressing-down before over the agency’s failure to detect a massive alleged fraud scheme.

    The SEC said Monday that Linda is leaving to pursue opportunities in the , but did not provide further details. She has been the agency’s enforcement director since May 2005, under two previous SEC chairmen.

    A replacement for wasn’t named. The leading candidate was Robert Khuzami, a former federal prosecutor who is and general counsel of investment firm Deutsche Bank.

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