Tag Archives: manhattan


Hedge-Fund Divorcee Dives Into Art, Sex, Brooklyn: Book Review

Bloomberg – If there’s anything tougher than being married to a hedge-fund guy, it’s being divorced from one. That’s the lesson of Jill Kargman’s new novel, “The Ex-Mrs. Hedgefund.” Kargman specializes in the wealthy residents of Manhattan’s Upper East Side. […]

A Hedge Fund Executive Is Guilty of Securities Fraud

New York Times – A hedge fund executive has pleaded guilty to securities fraud and is cooperating with New York State Attorney General Andrew M. Cuomo’s investigation of corruption at the state pension fund, according to court records unsealed in […]

Austrian banker who pleaded guilty in US might walk

SmartBrief – Michael Berger, an Austrian banker accused of securities fraud, might go free without facing any charges, Vienna prosecutors said. Berger pleaded guilty to securities fraud in Manhattan, N.Y., in 2000 after the $400 million collapse of his hedge […]

Ponzi Funds Said Missing

Wall Street Journal – Prosecutors said $160 million is unaccounted for in a Ponzi scheme allegedly run by hedge-fund manager James Nicholson. At a bail hearing Thursday, Assistant U.S. Attorney Maria E. Douvas said the government’s investigation showed that $293 […]

HMC Hedge Fund Founder Grebow Sentenced to Four Years in Fraud

Bloomberg – Bret Grebow, co-founder of hedge fund HMC International LLC, was sentenced to four years in prison for defrauding investors out of $7.8 million in what prosecutors said was “a classic Ponzi scheme.” Grebow, of Highland, Florida, was also […]

Obama Moves to Block $165M in AIG Bonuses

Newsday – A tough-talking President Barack Obama moved yesterday to block the $165 million in bonuses for American International Group executives that prompted a new wave of outrage at corporate America and taxpayer bailouts. Despite the aggressive approach, it’s unclear […]

Art Show Opens in NY With Less Hedge-Fund Money for Picasso

Bloomberg – At the Art Show last year, dealer Richard L. Feigen offered an $8.5 million Pablo Picasso still life. This year, he’s highlighting less expensive art, including a $90,000 purple teapot painting by Georges Braque. “The guys with the […]

U.S. accuses three in insider trading scheme

Reuters – A hedge fund manager, a brokerage trader and a financial adviser were charged on Thursday with insider trading in the stock of supermarket chain Albertsons Inc, reaping total profits of about $7.5 million, according to court documents. 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 […]

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 […]

White Plains hedge funds sued in Madoff investment scandal

Lower Hudson Journal news – Four hedge funds are at the center of a federal class-action lawsuit accusing them of steering millions of dollars from investors to Bernard Madoff. The lawsuit, filed in U.S. District Court in Manhattan, charges that […]

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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