Tag Archives: lawyer


Lawyer Marc Dreier sentenced to 20 years in prison for $700M hedge fund swindle

New York Daily News – Park Avenue lawyer Marc Dreier was sentenced to 20 years in prison Monday by a judge who scolded prosecutors for wanting to jail him for as long as Ponzi swindler Bernard Madoff. "Is the government serious […]

Madoff asks for 12 years for Ponzi conviction

Denver Post – Bernard Madoff asked a federal judge this week to sentence him to as little as 12 years in prison after he pleaded guilty earlier this year to operating a massive, decades- long Ponzi scheme. In a letter […]

Hedge fund leverage is returning

Hedge funds have begun to raise leverage levels again in recent weeks as prime brokers and other lenders become bolder about extending credit in more stable markets, a lawyer specializing in the sector said on Tuesday. Henry Bregstein, attorney at […]

Appleby closes in on Dickinson Cruickshank merger

The Lawyer – Offshore giant Appleby is to merge with Isle of Man firm Dickinson Cruickshank to create the world’s largest offshore firm in terms of partner numbers. The combined firm will have 73 partners and nine offices worldwide, including […]

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 […]

Former hedge fund manager remains held

Miami Herald – A former hedge fund manager accused of swindling investors of nearly $200 million will remain held in federal custody. An attorney for Won Sok Lee sought a continuance for his arraignment Friday so Lee can obtain a […]

US fund manager challenges extradition from HK

The Associated Press – A Silicon Valley hedge fund manager wanted in the U.S. on charges he duped investors out of at least $5 million challenged his extradition from Hong Kong on Wednesday. Fund manager Albert Hu, an American citizen, […]

Madoff Trustee Locates Assets of $75 Million

Wall Street Journal – A lawyer for the court-appointed trustee liquidating Bernard Madoff’s firm confirmed they have located an additional $75 million in Madoff assets — a figure that would put the total above $1 billion. A lawyer for the […]

Big Madoff Investors Targeted

Financial Times – The trustee charged with tracking down money for victims of Bernard Madoff’s alleged $50bn Ponzi scheme will target big investors – such as hedge funds – that pulled "substantial amounts" of "false profits" out of the broker’s […]

Royal Bank of Canada Sued Over Failed Hedge Funds

Bloomberg – Royal Bank of Canada, the country’s biggest bank by assets, was sued by investors in Olympus United Funds who claim they lost more than $90 million in the funds’ collapse. Royal Bank, based in Toronto, “secretly managed” the […]

Royal Bank of Canada Sued Over Failed Hedge Funds

Bloomberg – Royal Bank of Canada, the country’s biggest bank by assets, was sued by investors in Olympus United Funds who claim they lost more than $90 million in the funds’ collapse. Royal Bank, based in Toronto, “secretly managed” the […]

Attorney paid cohorts to help execute swindle

New York Daily News – 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, […]

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