Tag Archives: indictment


Hedge Fund Indictment Says Cravath, Bryan Cave Were Duped

Law.com – Federal prosecutors Thursday unsealed an indictment charging the chief executive of what used to be one of the world’s largest investment funds with constructing elaborate tax shelters for some of his wealthiest clients. The executive, Jeffrey Greenstein, the […]

New York cutting firms tied to pension flap from doing business with fund

New York Daily News – State Controller Thomas DiNapoli is booting 10 hedge fund managers from doing business with New York’s scandal-scarred $122 billion pension fund, the Daily News has learned. Four of the 10 firms were listed, but not […]

Former Florida Hedge Fund Manager Awaits Trial

New York (HedgeCo.Net) – Won Sok Lee will face a U.S. trial after fleeing for three years following the discovery of his bogus Florida hedge fund.  The KL Group allegedly defrauded about $200 million out of investors over the course […]

US lawyer pleads not guilty to money laundering

BusinessWeek – A prominent Manhattan lawyer accused of peddling $700 million in phony securities to hedge funds will likely forgo a trial and change his plea to guilty, his attorney told a judge Thursday. The defense announcement came at a […]

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 […]

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