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	<title>Hedge Fund News From HedgeCo.Net &#187; ponzi scheme</title>
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		<title>Galleon ‘Not Good News’ for Hedge Funds, Coleman Says</title>
		<link>http://www.hedgeco.net/news/10/2009/galleon-%e2%80%98not-good-news%e2%80%99-for-hedge-funds-coleman-says.html</link>
		<comments>http://www.hedgeco.net/news/10/2009/galleon-%e2%80%98not-good-news%e2%80%99-for-hedge-funds-coleman-says.html#comments</comments>
		<pubDate>Wed, 21 Oct 2009 10:05:19 +0000</pubDate>
		<dc:creator>Editor</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[bernard madoff]]></category>
		<category><![CDATA[hedge fund]]></category>
		<category><![CDATA[hedge funds]]></category>
		<category><![CDATA[investment management association]]></category>
		<category><![CDATA[investor-confidence]]></category>
		<category><![CDATA[ponzi scheme]]></category>
		<category><![CDATA[private-equity-funds]]></category>

		<guid isPermaLink="false">http://www.hedgeco.net/news/?p=12597</guid>
		<description><![CDATA[Bloomberg &#8211; The Galleon Group insider-trading investigation may sap investor confidence in the hedge-fund industry, already under scrutiny after Bernard Madoff’s Ponzi scheme, said Michael Coleman, chairman of the Singapore chapter of the Alternative Investment Management Association. “It’s obviously not good news for the hedge-fund industry from the top level, but it seems to be [...]]]></description>
		<wfw:commentRss>http://www.hedgeco.net/news/10/2009/galleon-%e2%80%98not-good-news%e2%80%99-for-hedge-funds-coleman-says.html/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>Geneva Funds See Inflows for First Time Since Madoff</title>
		<link>http://www.hedgeco.net/news/09/2009/geneva-funds-see-inflows-for-first-time-since-madoff.html</link>
		<comments>http://www.hedgeco.net/news/09/2009/geneva-funds-see-inflows-for-first-time-since-madoff.html#comments</comments>
		<pubDate>Tue, 29 Sep 2009 15:39:14 +0000</pubDate>
		<dc:creator>Editor</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[bernard madoff]]></category>
		<category><![CDATA[eurekahedge]]></category>
		<category><![CDATA[funds of hedge funds]]></category>
		<category><![CDATA[ponzi scheme]]></category>

		<guid isPermaLink="false">http://www.hedgeco.net/news/?p=12217</guid>
		<description><![CDATA[Bloomberg &#8211; Geneva’s funds of hedge funds saw client inflows for the first time in 11 months in August, halting a slump that accelerated after losses related to Bernard Madoff’s Ponzi scheme. Net inflows were $30 million, after withdrawals of $2 billion in July, according to data compiled for Bloomberg News by Singapore-based Eurekahedge Pte. [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Hedge Fund Settles Madoff Suit</title>
		<link>http://www.hedgeco.net/news/09/2009/hedge-fund-settles-madoff-suit.html</link>
		<comments>http://www.hedgeco.net/news/09/2009/hedge-fund-settles-madoff-suit.html#comments</comments>
		<pubDate>Fri, 11 Sep 2009 09:19:53 +0000</pubDate>
		<dc:creator>Editor</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[due diligence]]></category>
		<category><![CDATA[hedge fund]]></category>
		<category><![CDATA[investors]]></category>
		<category><![CDATA[ponzi scheme]]></category>

		<guid isPermaLink="false">http://www.hedgeco.net/news/?p=11824</guid>
		<description><![CDATA[News Inferno &#8211; One hedge fund has agreed to reimburse its investors who were swindled in the historic Ponzi scheme orchestrated by the disgraced, now jailed, financier, Bernard Madoff. The hedge fund—Fairfield Greenwich Advisors—apparently moved money to Madoff, said Boston.com, and will now reimburse its Massachusetts investors for some $8 million to cover losses. The [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>SEC remains unfit to prevent next Madoff</title>
		<link>http://www.hedgeco.net/news/09/2009/sec-remains-unfit-to-prevent-next-madoff.html</link>
		<comments>http://www.hedgeco.net/news/09/2009/sec-remains-unfit-to-prevent-next-madoff.html#comments</comments>
		<pubDate>Wed, 09 Sep 2009 11:50:28 +0000</pubDate>
		<dc:creator>Editor</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[hedge funds]]></category>
		<category><![CDATA[inspector general]]></category>
		<category><![CDATA[ponzi scheme]]></category>
		<category><![CDATA[regulators]]></category>

		<guid isPermaLink="false">http://www.hedgeco.net/news/?p=11777</guid>
		<description><![CDATA[Sentinel and Enterprise &#8211; After Bernard Madoff&#8217;s Ponzi scheme collapsed, having bilked charities, hedge funds and retirees of as much as $65 billion, the temptation is to say: &#8220;We&#8217;ve learned our lesson. That will never happen again.&#8221; Barring an overhaul of the Securities and Exchange Commission &#8212; with tougher regulations, more resources and aggressive, skeptical, [...]]]></description>
		<wfw:commentRss>http://www.hedgeco.net/news/09/2009/sec-remains-unfit-to-prevent-next-madoff.html/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Edinburgh Hedge Funds Feel Madoff Effect as Clients Get Pickier</title>
		<link>http://www.hedgeco.net/news/09/2009/edinburgh-hedge-funds-feel-madoff-effect-as-clients-get-pickier.html</link>
		<comments>http://www.hedgeco.net/news/09/2009/edinburgh-hedge-funds-feel-madoff-effect-as-clients-get-pickier.html#comments</comments>
		<pubDate>Thu, 03 Sep 2009 11:52:28 +0000</pubDate>
		<dc:creator>Editor</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[bernard madoff]]></category>
		<category><![CDATA[edinburgh]]></category>
		<category><![CDATA[ponzi scheme]]></category>

		<guid isPermaLink="false">http://www.hedgeco.net/news/?p=11679</guid>
		<description><![CDATA[Bloomberg &#8211; Hedge funds in Edinburgh say they escaped any direct losses from Bernard Madoff’s Ponzi scheme. That doesn’t mean they’re not living with his legacy. Clients are demanding more disclosure, quicker access to their money and individual, rather than pooled, accounts after Madoff hurt the loosely regulated business, according to managers in the Scottish [...]]]></description>
		<wfw:commentRss>http://www.hedgeco.net/news/09/2009/edinburgh-hedge-funds-feel-madoff-effect-as-clients-get-pickier.html/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Appeals Court Affirms Dismissal of Securities Fraud Against Hennessee Group</title>
		<link>http://www.hedgeco.net/news/08/2009/appeals-court-affirms-dismissal-of-securities-fraud-against-hennessee-group.html</link>
		<comments>http://www.hedgeco.net/news/08/2009/appeals-court-affirms-dismissal-of-securities-fraud-against-hennessee-group.html#comments</comments>
		<pubDate>Wed, 26 Aug 2009 20:06:39 +0000</pubDate>
		<dc:creator>Editor</dc:creator>
				<category><![CDATA[HedgeCo News]]></category>
		<category><![CDATA[adviser]]></category>
		<category><![CDATA[breach of contract]]></category>
		<category><![CDATA[colleen mcmahon]]></category>
		<category><![CDATA[fraud case]]></category>
		<category><![CDATA[hedge fund]]></category>
		<category><![CDATA[hedge funds]]></category>
		<category><![CDATA[hennessee group]]></category>
		<category><![CDATA[New York]]></category>
		<category><![CDATA[ponzi scheme]]></category>
		<category><![CDATA[regulatory practice]]></category>
		<category><![CDATA[securities fraud]]></category>
		<category><![CDATA[securities litigation]]></category>
		<category><![CDATA[southern district of new york]]></category>
		<category><![CDATA[unfortunate events]]></category>

		<guid isPermaLink="false">http://www.hedgeco.net/news/?p=11412</guid>
		<description><![CDATA[New York — The U.S. Court of Appeals for the Second Circuit has affirmed a district court’s decision that dismissed a securities fraud case against New York-based hedge fund investment adviser Hennessee Group LLC. In the 36-page opinion issued July 14, 2009, the Second Circuit upheld in its entirety the August 2007 ruling by Judge [...]]]></description>
		<wfw:commentRss>http://www.hedgeco.net/news/08/2009/appeals-court-affirms-dismissal-of-securities-fraud-against-hennessee-group.html/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Citadel fund files $470 mln claim against Lehman</title>
		<link>http://www.hedgeco.net/news/08/2009/citadel-fund-files-470-mln-claim-against-lehman.html</link>
		<comments>http://www.hedgeco.net/news/08/2009/citadel-fund-files-470-mln-claim-against-lehman.html#comments</comments>
		<pubDate>Mon, 24 Aug 2009 21:37:14 +0000</pubDate>
		<dc:creator>Editor</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[hedge fund]]></category>
		<category><![CDATA[New York]]></category>
		<category><![CDATA[new-york-city]]></category>
		<category><![CDATA[ponzi scheme]]></category>
		<category><![CDATA[securities fraud]]></category>
		<category><![CDATA[United States district court]]></category>
		<category><![CDATA[United States District Court for the Southern District of New York]]></category>
		<category><![CDATA[united-states]]></category>

		<guid isPermaLink="false">http://www.hedgeco.net/news/?p=11330</guid>
		<description><![CDATA[Reuters &#8211; Hedge fund Citadel Investment Group claims it is owed $470.5 million on derivatives contracts it held with Lehman Brothers, according to a claim filed in a New York bankruptcy court last week. Citadel, which manages around $12 billion in assets, claims it is owed the money in its Citadel Equity Fund. The filing [...]]]></description>
		<wfw:commentRss>http://www.hedgeco.net/news/08/2009/citadel-fund-files-470-mln-claim-against-lehman.html/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Madoff aide to plead guilty in Ponzi scheme</title>
		<link>http://www.hedgeco.net/news/08/2009/madoff-aide-to-plead-guilty-in-ponzi-scheme.html</link>
		<comments>http://www.hedgeco.net/news/08/2009/madoff-aide-to-plead-guilty-in-ponzi-scheme.html#comments</comments>
		<pubDate>Tue, 11 Aug 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[17th floor]]></category>
		<category><![CDATA[account statements]]></category>
		<category><![CDATA[bernard madoff]]></category>
		<category><![CDATA[bridgewater]]></category>
		<category><![CDATA[cooperation]]></category>
		<category><![CDATA[defense attorneys]]></category>
		<category><![CDATA[federal charges]]></category>
		<category><![CDATA[hedge fund]]></category>
		<category><![CDATA[hedge funds]]></category>
		<category><![CDATA[investigators]]></category>
		<category><![CDATA[legal observers]]></category>
		<category><![CDATA[lipstick]]></category>
		<category><![CDATA[manhattan]]></category>
		<category><![CDATA[newsday]]></category>
		<category><![CDATA[ponzi scheme]]></category>
		<category><![CDATA[top lieutenant]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[Newsday &#8211; Bernard Madoff&#8217;s top lieutenant in his Ponzi scheme is scheduled to plead guilty Tuesday to federal charges in what many legal observers believe is a cooperation deal that could lead to trouble for some major hedge fund operators. Frank DiPascali Jr., 52, of Bridgewater, N.J., had been a key Madoff aide, working in [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Lawsuit says hedge-fund manager stole $750,000</title>
		<link>http://www.hedgeco.net/news/08/2009/lawsuit-says-hedge-fund-manager-stole-750-000.html</link>
		<comments>http://www.hedgeco.net/news/08/2009/lawsuit-says-hedge-fund-manager-stole-750-000.html#comments</comments>
		<pubDate>Fri, 07 Aug 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[amp]]></category>
		<category><![CDATA[calandra]]></category>
		<category><![CDATA[cambria county]]></category>
		<category><![CDATA[defendant]]></category>
		<category><![CDATA[garvey]]></category>
		<category><![CDATA[hedge-fund-manager]]></category>
		<category><![CDATA[investors]]></category>
		<category><![CDATA[lawsuit claiming that]]></category>
		<category><![CDATA[manhattan]]></category>
		<category><![CDATA[money]]></category>
		<category><![CDATA[pittsburgh post gazette]]></category>
		<category><![CDATA[ponzi scheme]]></category>
		<category><![CDATA[securities fraud]]></category>
		<category><![CDATA[securities-and-exchange]]></category>
		<category><![CDATA[securities-and-exchange-commission]]></category>
		<category><![CDATA[signature bank]]></category>
		<category><![CDATA[trust fund]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[Pittsburgh Post-Gazette &#8211; The family of a Cambria County manufacturer has filed a lawsuit claiming that a New York hedge-fund manager illegally took $750,000 from its trust fund. The lawsuit, filed by the family of Frank Calandra Jr., was moved to federal court yesterday. It names as defendants Signature Bank Corp. and Cushner &#38; Garvey [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Geneva Funds of Funds Slump as Banks Struggle to Nullify Madoff</title>
		<link>http://www.hedgeco.net/news/07/2009/geneva-funds-of-funds-slump-as-banks-struggle-to-nullify-madoff.html</link>
		<comments>http://www.hedgeco.net/news/07/2009/geneva-funds-of-funds-slump-as-banks-struggle-to-nullify-madoff.html#comments</comments>
		<pubDate>Fri, 24 Jul 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[1960s]]></category>
		<category><![CDATA[assets]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[bernard madoff]]></category>
		<category><![CDATA[bloomberg]]></category>
		<category><![CDATA[client money]]></category>
		<category><![CDATA[eurekahedge]]></category>
		<category><![CDATA[five months]]></category>
		<category><![CDATA[funds of hedge funds]]></category>
		<category><![CDATA[geneva]]></category>
		<category><![CDATA[market-losses]]></category>
		<category><![CDATA[ponzi scheme]]></category>
		<category><![CDATA[rsquo]]></category>
		<category><![CDATA[singapore]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[Bloomberg &#8211; Geneva banks, which began investing client money in funds of hedge funds during the 1960s, are struggling to rebuild the business after market losses and Bernard Madoff&#8217;s Ponzi scheme cut assets by 72 percent. The assets of funds of funds managed from Geneva slumped to $15 billion in May from $54.2 billion at [...]]]></description>
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		</item>
		<item>
		<title>Geneva Funds of Funds Slump as Banks Struggle to Nullify Madoff</title>
		<link>http://www.hedgeco.net/news/07/2009/geneva-funds-of-funds-slump-as-banks-struggle-to-nullify-madoff.html</link>
		<comments>http://www.hedgeco.net/news/07/2009/geneva-funds-of-funds-slump-as-banks-struggle-to-nullify-madoff.html#comments</comments>
		<pubDate>Thu, 23 Jul 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[1960s]]></category>
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		<category><![CDATA[bernard madoff]]></category>
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		<category><![CDATA[ponzi scheme]]></category>
		<category><![CDATA[rsquo]]></category>
		<category><![CDATA[singapore]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[Bloomberg &#8211; Geneva banks, which began investing client money in funds of hedge funds during the 1960s, are struggling to rebuild the business after market losses and Bernard Madoff&#8217;s Ponzi scheme cut assets by 72 percent. The assets of funds of funds managed from Geneva slumped to $15 billion in May from $54.2 billion at [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Hedging on Hedge Fund Scrutiny Fine With Court: Ann Woolner</title>
		<link>http://www.hedgeco.net/news/07/2009/hedging-on-hedge-fund-scrutiny-fine-with-court-ann-woolner.html</link>
		<comments>http://www.hedgeco.net/news/07/2009/hedging-on-hedge-fund-scrutiny-fine-with-court-ann-woolner.html#comments</comments>
		<pubDate>Wed, 22 Jul 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[adviser]]></category>
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		<category><![CDATA[independent audit]]></category>
		<category><![CDATA[losses]]></category>
		<category><![CDATA[million dollars]]></category>
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		<category><![CDATA[ponzi scheme]]></category>
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		<category><![CDATA[rsquo]]></category>
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		<category><![CDATA[securities-and-exchange-commission]]></category>
		<category><![CDATA[sterling reputation]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[Bloomberg &#8211; Let&#8217;s say you hand a million dollars or more to an investment advisory firm that boasts a sterling reputation, grand results and a promise to thoroughly investigate hedge funds before recommending them. For all the claims of super due diligence, this fine firm sinks your money into what turns out to be a [...]]]></description>
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		</item>
		<item>
		<title>Report: Hedge fund owner in Petters case denied bail</title>
		<link>http://www.hedgeco.net/news/07/2009/report-hedge-fund-owner-in-petters-case-denied-bail.html</link>
		<comments>http://www.hedgeco.net/news/07/2009/report-hedge-fund-owner-in-petters-case-denied-bail.html#comments</comments>
		<pubDate>Wed, 22 Jul 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[birmingham business journal]]></category>
		<category><![CDATA[chief judge]]></category>
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		<category><![CDATA[judge michael]]></category>
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		<guid isPermaLink="false"></guid>
		<description><![CDATA[Birmingham Business Journal &#8211; The owner of a Chicago hedge fund charged with helping Tom Petters fund his $3.5 billion alleged Ponzi scheme was denied bail Tuesday, reversing a bail decision last week, according to media reports. Gregory Bell was sent back to Anoka County Jail, where he&#8217;s been held for the past week, the [...]]]></description>
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		</item>
		<item>
		<title>Highland Park-based hedge fund manager granted bail</title>
		<link>http://www.hedgeco.net/news/07/2009/highland-park-based-hedge-fund-manager-granted-bail.html</link>
		<comments>http://www.hedgeco.net/news/07/2009/highland-park-based-hedge-fund-manager-granted-bail.html#comments</comments>
		<pubDate>Thu, 16 Jul 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
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		<category><![CDATA[magistrate judge]]></category>
		<category><![CDATA[petters]]></category>
		<category><![CDATA[ponzi scheme]]></category>
		<category><![CDATA[prosecutors]]></category>
		<category><![CDATA[regulators]]></category>
		<category><![CDATA[wire-fraud]]></category>

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		<description><![CDATA[Chicago Tribune &#8211; Illinois hedge-fund manager Gregory Bell, who was charged with wire fraud for his role in an alleged Ponzi scheme, was granted $1.5 million bail and required to wear an electronic monitor, a federal judge in Minnesota ruled Wednesday. Bell, founder of Lancelot Investment Management LLC, was accused Friday by U.S. prosecutors and [...]]]></description>
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		</item>
		<item>
		<title>Appeals Court Dismisses Fraud Charges Against Hedge Fund Advisor Hennessee Group</title>
		<link>http://www.hedgeco.net/news/07/2009/appeals-court-dismisses-fraud-charges-against-hedge-fund-advisor-hennessee-group.html</link>
		<comments>http://www.hedgeco.net/news/07/2009/appeals-court-dismisses-fraud-charges-against-hedge-fund-advisor-hennessee-group.html#comments</comments>
		<pubDate>Thu, 16 Jul 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[HedgeCo News]]></category>
		<category><![CDATA[accredited-investors]]></category>
		<category><![CDATA[breach of contract]]></category>
		<category><![CDATA[bressler amery and ross]]></category>
		<category><![CDATA[colleen mcmahon]]></category>
		<category><![CDATA[florida office]]></category>
		<category><![CDATA[fraud case]]></category>
		<category><![CDATA[hedge fund]]></category>
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		<category><![CDATA[hennessee group]]></category>
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		<category><![CDATA[south cherry street]]></category>
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		<category><![CDATA[west palm beach]]></category>

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		<description><![CDATA[HedgeCo.net (West Palm Beach) &#8211; The U.S. Court of Appeals affirmed a district court&#8217;s decision that also dismissed a securities fraud case against New York-based hedge fund investment adviser Hennessee Group LLC. Judge Colleen McMahon of the U.S. District Court for the Southern District of New York that dismissed claims of breach of contract and [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>SEC Freezes Assets of Illinois-based Hedge Fund Manager Who Was $2 Billion Feeder to Petters Ponzi Scheme</title>
		<link>http://www.hedgeco.net/news/07/2009/sec-freezes-assets-of-illinois-based-hedge-fund-manager-who-was-2-billion-feeder-to-petters-ponzi-scheme.html</link>
		<comments>http://www.hedgeco.net/news/07/2009/sec-freezes-assets-of-illinois-based-hedge-fund-manager-who-was-2-billion-feeder-to-petters-ponzi-scheme.html#comments</comments>
		<pubDate>Mon, 13 Jul 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[assets]]></category>
		<category><![CDATA[consumer electronics]]></category>
		<category><![CDATA[fraud]]></category>
		<category><![CDATA[hedge funds]]></category>
		<category><![CDATA[investor]]></category>
		<category><![CDATA[investors]]></category>
		<category><![CDATA[kansas city infozine]]></category>
		<category><![CDATA[lancelot]]></category>
		<category><![CDATA[ponzi scheme]]></category>
		<category><![CDATA[sham]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[Kansas City infoZine &#8211; The SEC&#8217;s complaint, filed in U.S. District Court for the District of Minnesota, alleges that Gregory Bell and Lancelot Management LLC invested more than $2 billion in hedge funds assets with Petters and pocketed millions of dollars in fraudulent fees at the expense of investors in the funds. The SEC&#8217;s complaint [...]]]></description>
		<wfw:commentRss>http://www.hedgeco.net/news/07/2009/sec-freezes-assets-of-illinois-based-hedge-fund-manager-who-was-2-billion-feeder-to-petters-ponzi-scheme.html/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Dreier Describes Downfall in Letter Seeking &#8216;Rational&#8217; Term for Fraud, Theft</title>
		<link>http://www.hedgeco.net/news/07/2009/dreier-describes-downfall-in-letter-seeking-rational-term-for-fraud-theft.html</link>
		<comments>http://www.hedgeco.net/news/07/2009/dreier-describes-downfall-in-letter-seeking-rational-term-for-fraud-theft.html#comments</comments>
		<pubDate>Thu, 09 Jul 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[defense attorney]]></category>
		<category><![CDATA[downward spiral]]></category>
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		<category><![CDATA[jonathan]]></category>
		<category><![CDATA[life in prison]]></category>
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		<category><![CDATA[ponzi scheme]]></category>
		<category><![CDATA[remarkable detail]]></category>
		<category><![CDATA[sentencing guidelines]]></category>
		<category><![CDATA[settlement fund]]></category>
		<category><![CDATA[shargel]]></category>
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		<category><![CDATA[york judge]]></category>

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		<description><![CDATA[Law.com &#8211; Marc S. Dreier on Wednesday sent a confessional letter to the federal judge who will sentence him on Monday (pdf), describing in remarkable detail how he funded the once-admired expansion of Dreier LLP by committing frauds totaling more than $400 million. Facing a recommendation from the government that he serve the rest of [...]]]></description>
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		</item>
		<item>
		<title>Experts respond to SEC proposals</title>
		<link>http://www.hedgeco.net/news/07/2009/experts-respond-to-sec-proposals.html</link>
		<comments>http://www.hedgeco.net/news/07/2009/experts-respond-to-sec-proposals.html#comments</comments>
		<pubDate>Tue, 07 Jul 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[bernard madoff]]></category>
		<category><![CDATA[cayman-islands-monetary-authority]]></category>
		<category><![CDATA[cima]]></category>
		<category><![CDATA[dms management]]></category>
		<category><![CDATA[don seymour]]></category>
		<category><![CDATA[hedge fund]]></category>
		<category><![CDATA[hedge funds]]></category>
		<category><![CDATA[inspector general]]></category>
		<category><![CDATA[investment services division]]></category>
		<category><![CDATA[investment-advisors]]></category>
		<category><![CDATA[management-ltd]]></category>
		<category><![CDATA[managing director]]></category>
		<category><![CDATA[ponzi scheme]]></category>
		<category><![CDATA[private investment funds]]></category>
		<category><![CDATA[private nature]]></category>
		<category><![CDATA[s 65]]></category>
		<category><![CDATA[securities-and-exchange-commission]]></category>
		<category><![CDATA[stark-contrast]]></category>
		<category><![CDATA[systemic risks]]></category>
		<category><![CDATA[worth consideration]]></category>

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		<description><![CDATA[Caymen Net News &#8211; Local hedge fund experts have reacted favourably to last week&#8217;s proposals by the Inspector General of the US Securities and Exchange Commission (SEC) to increase fund regulation. The SEC has proposed that regulation of hedge funds and other investment advisors should be tightened in the wake of the SEC&#8217;s failure to [...]]]></description>
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		<item>
		<title>Madoff asks for 12 years for Ponzi conviction</title>
		<link>http://www.hedgeco.net/news/06/2009/madoff-asks-for-12-years-for-ponzi-conviction.html</link>
		<comments>http://www.hedgeco.net/news/06/2009/madoff-asks-for-12-years-for-ponzi-conviction.html#comments</comments>
		<pubDate>Wed, 24 Jun 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[13 years]]></category>
		<category><![CDATA[bernard madoff]]></category>
		<category><![CDATA[decades]]></category>
		<category><![CDATA[denver post]]></category>
		<category><![CDATA[deterrence]]></category>
		<category><![CDATA[district judge]]></category>
		<category><![CDATA[federal judge]]></category>
		<category><![CDATA[ira]]></category>
		<category><![CDATA[judge denny chin]]></category>
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		<category><![CDATA[life expectancy]]></category>
		<category><![CDATA[life sentence]]></category>
		<category><![CDATA[mdash]]></category>
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		<category><![CDATA[prison-term]]></category>
		<category><![CDATA[protecting the public]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[Denver Post &#8211; 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 filed late Monday and made public Tuesday, Ira Sorkin, a lawyer for Madoff, asked U.S. [...]]]></description>
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		<item>
		<title>Switzerland Investigates Santander</title>
		<link>http://www.hedgeco.net/news/06/2009/switzerland-investigates-santander.html</link>
		<comments>http://www.hedgeco.net/news/06/2009/switzerland-investigates-santander.html#comments</comments>
		<pubDate>Fri, 19 Jun 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[banco santander]]></category>
		<category><![CDATA[chief-executive]]></category>
		<category><![CDATA[compliant]]></category>
		<category><![CDATA[criminal investigation]]></category>
		<category><![CDATA[dario]]></category>
		<category><![CDATA[echeverria]]></category>
		<category><![CDATA[formal investigation]]></category>
		<category><![CDATA[geneva]]></category>
		<category><![CDATA[hedge fund]]></category>
		<category><![CDATA[independent investment]]></category>
		<category><![CDATA[investigation-into-allegations]]></category>
		<category><![CDATA[investment services]]></category>
		<category><![CDATA[investment-fund]]></category>
		<category><![CDATA[investors]]></category>
		<category><![CDATA[madoff]]></category>
		<category><![CDATA[optimal investment]]></category>
		<category><![CDATA[ponzi scheme]]></category>
		<category><![CDATA[public prosecutor]]></category>
		<category><![CDATA[suspicion]]></category>
		<category><![CDATA[zanni]]></category>

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		<description><![CDATA[Wealth Bulletin &#8211; Geneva&#8217;s public prosecutor said he has launched a criminal investigation into allegations that Banco Santander SA&#8217;s hedge-fund unit misled investors when it funneled their money into Bernard L. Madoff&#8217;s Ponzi scheme. The formal investigation was opened following a complaint by Geneva Partners, an independent investment fund that bought financial products from Santander&#8217;s [...]]]></description>
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		<item>
		<title>It’s Thankless, but He Decides Madoff Claims</title>
		<link>http://www.hedgeco.net/news/05/2009/its-thankless-but-he-decides-madoff-claims.html</link>
		<comments>http://www.hedgeco.net/news/05/2009/its-thankless-but-he-decides-madoff-claims.html#comments</comments>
		<pubDate>Fri, 29 May 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[decisions]]></category>
		<category><![CDATA[fraud]]></category>
		<category><![CDATA[money]]></category>
		<category><![CDATA[new york lawyer]]></category>
		<category><![CDATA[new york times]]></category>
		<category><![CDATA[picard]]></category>
		<category><![CDATA[ponzi scheme]]></category>
		<category><![CDATA[scandal]]></category>
		<category><![CDATA[trustee]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[New York Times &#8211; The Ponzi scheme&#8217;s victims denounce him as cold-hearted, dishonest and just plain wrong No, they are not describing Bernard L. Madoff, the author of the fraud that has ruined their lives. They are criticizing Irving H. Picard, the New York lawyer and trustee who has been appointed to represent their interests [...]]]></description>
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		<title>Spanish bank to repay $235M it withdrew from Madoff scheme</title>
		<link>http://www.hedgeco.net/news/05/2009/spanish-bank-to-repay-235m-it-withdrew-from-madoff-scheme.html</link>
		<comments>http://www.hedgeco.net/news/05/2009/spanish-bank-to-repay-235m-it-withdrew-from-madoff-scheme.html#comments</comments>
		<pubDate>Wed, 27 May 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[100-million]]></category>
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		<category><![CDATA[banco santander]]></category>
		<category><![CDATA[bernard madoff]]></category>
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		<category><![CDATA[usa today]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[USA Today &#8211; A Spanish banking giant that channeled $3 billion of its clients&#8217; funds to Bernard Madoff has agreed to repay more than $235 million it withdrew from the confessed Ponzi scheme architect in the months before the scam collapsed in December. Pending federal bankruptcy court approval, the deal announced Tuesday by a hedge [...]]]></description>
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		</item>
		<item>
		<title>Hedge Fund Insurance Costs Rise as Lehman, Madoff Spur Scrutiny</title>
		<link>http://www.hedgeco.net/news/05/2009/hedge-fund-insurance-costs-rise-as-lehman-madoff-spur-scrutiny.html</link>
		<comments>http://www.hedgeco.net/news/05/2009/hedge-fund-insurance-costs-rise-as-lehman-madoff-spur-scrutiny.html#comments</comments>
		<pubDate>Fri, 22 May 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[5-million]]></category>
		<category><![CDATA[bernard madoff]]></category>
		<category><![CDATA[downturn]]></category>
		<category><![CDATA[group plc]]></category>
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		<category><![CDATA[insurance services ltd]]></category>
		<category><![CDATA[jardine lloyd thompson]]></category>
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		<category><![CDATA[lehman brothers]]></category>
		<category><![CDATA[lehman-brothers-holdings]]></category>
		<category><![CDATA[lehman-brothers-holdings-inc]]></category>
		<category><![CDATA[miller insurance]]></category>
		<category><![CDATA[negligence]]></category>
		<category><![CDATA[ponzi scheme]]></category>
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		<description><![CDATA[Bloomberg &#8211; The cost of insuring hedge funds against negligence has risen as much as 20 percent in the past six months after Lehman Brothers Holdings Inc.&#8217;s bankruptcy and Bernard Madoff&#8217;s Ponzi scheme increased the threat of lawsuits. A fund manager with $200 million of assets running a &#8220;straightforward&#8221; strategy is typically paying as much [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Fairfield Hedge Funds Sued by Madoff Trustee</title>
		<link>http://www.hedgeco.net/news/05/2009/fairfield-hedge-funds-sued-by-madoff-trustee.html</link>
		<comments>http://www.hedgeco.net/news/05/2009/fairfield-hedge-funds-sued-by-madoff-trustee.html#comments</comments>
		<pubDate>Wed, 20 May 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[advisory business]]></category>
		<category><![CDATA[bernard madoff]]></category>
		<category><![CDATA[decades]]></category>
		<category><![CDATA[fairfield greenwich group]]></category>
		<category><![CDATA[fraction]]></category>
		<category><![CDATA[fraud]]></category>
		<category><![CDATA[hedge funds]]></category>
		<category><![CDATA[investment-securities]]></category>
		<category><![CDATA[investors]]></category>
		<category><![CDATA[last-november]]></category>
		<category><![CDATA[mdash]]></category>
		<category><![CDATA[nasdaq stock exchange]]></category>
		<category><![CDATA[picard]]></category>
		<category><![CDATA[ponzi scheme]]></category>
		<category><![CDATA[rsquo]]></category>
		<category><![CDATA[sentry partners]]></category>
		<category><![CDATA[trustee]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[Newsinferno.com &#8211; Bernard Madoff trustee, Irving Picard, has sued three Fairfield Greenwich Group hedge funds&#8212;Fairfield Sentry Ltd., Greenwich Sentry LP, and Greenwich Sentry Partners LP&#8212;in a clawback suit that seeks the return of $3.54 billion to repay victims of Madoff&#8217;s historic Ponzi scheme, said Bloomberg News. Madoff pleaded guilty to 11 fraud counts on March [...]]]></description>
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		</item>
		<item>
		<title>Man linked to Madoff to yield control of funds</title>
		<link>http://www.hedgeco.net/news/05/2009/man-linked-to-madoff-to-yield-control-of-funds.html</link>
		<comments>http://www.hedgeco.net/news/05/2009/man-linked-to-madoff-to-yield-control-of-funds.html#comments</comments>
		<pubDate>Wed, 20 May 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[attorney general]]></category>
		<category><![CDATA[bernard madoff]]></category>
		<category><![CDATA[billions of dollars]]></category>
		<category><![CDATA[civil fraud]]></category>
		<category><![CDATA[denver post]]></category>
		<category><![CDATA[ezra]]></category>
		<category><![CDATA[fraud lawsuit]]></category>
		<category><![CDATA[hedge-fund-manager]]></category>
		<category><![CDATA[merkin]]></category>
		<category><![CDATA[money]]></category>
		<category><![CDATA[ponzi scheme]]></category>
		<category><![CDATA[swindler]]></category>

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		<description><![CDATA[Denver Post &#8211; J. Ezra Merkin, a hedge-fund manager who invested billions of dollars of clients&#8217; money with swindler Bernard Madoff, has agreed to relinquish control of his funds to court-appointed trustees. The attorney general&#8217;s office had requested the move in connection with its civil fraud lawsuit accusing Merkin of convincing clients he was managing [...]]]></description>
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		</item>
		<item>
		<title>Another Madoff linked hedge fund sued</title>
		<link>http://www.hedgeco.net/news/05/2009/another-madoff-linked-hedge-fund-sued.html</link>
		<comments>http://www.hedgeco.net/news/05/2009/another-madoff-linked-hedge-fund-sued.html#comments</comments>
		<pubDate>Wed, 13 May 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[assets]]></category>
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		<category><![CDATA[us1]]></category>

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		<description><![CDATA[NineMSN &#8211; The trustee overseeing the liquidation of disgraced financier Bernard Madoff&#8217;s assets sued another investment fund on Tuesday, claiming it owes Madoff&#8217;s victims more than $US1 billion ($A1.32 billion) it withdrew from his firm. The complaint in Manhattan bankruptcy court alleges Harley International Ltd knew or should have known that the fortune came out [...]]]></description>
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		<title>Madoff buddy, Ezra Merkin, sued over plunder from Ponzi scheme</title>
		<link>http://www.hedgeco.net/news/05/2009/madoff-buddy-ezra-merkin-sued-over-plunder-from-ponzi-scheme.html</link>
		<comments>http://www.hedgeco.net/news/05/2009/madoff-buddy-ezra-merkin-sued-over-plunder-from-ponzi-scheme.html#comments</comments>
		<pubDate>Fri, 08 May 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[bankruptcy-court]]></category>
		<category><![CDATA[bernie madoff]]></category>
		<category><![CDATA[court trustee]]></category>
		<category><![CDATA[ezra]]></category>
		<category><![CDATA[hedge fund]]></category>
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		<category><![CDATA[new york daily news]]></category>
		<category><![CDATA[park avenue]]></category>
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		<category><![CDATA[ponzi scheme]]></category>
		<category><![CDATA[spoils]]></category>
		<category><![CDATA[york daily news]]></category>

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		<description><![CDATA[New York Daily News &#8211; Ezra Merkin should have known better, a lawsuit claims. The Park Avenue hedge fund king funneled investments to Bernie Madoff and received millions in fees Merkin knew were the spoils of a massive Ponzi scheme, a lawsuit filed Thursday claims. U.S. Bankruptcy Court trustee Irving Picard sued Merkin to recover [...]]]></description>
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		<title>Bronte Capital exposes rogue Hedge Fund Marketers who Link the Biden family to Hedge Fund Fraud</title>
		<link>http://www.hedgeco.net/news/05/2009/bronte-capital-exposes-rogue-hedge-fund-marketers-who-link-the-biden-family-to-hedge-fund-fraud.html</link>
		<comments>http://www.hedgeco.net/news/05/2009/bronte-capital-exposes-rogue-hedge-fund-marketers-who-link-the-biden-family-to-hedge-fund-fraud.html#comments</comments>
		<pubDate>Fri, 01 May 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Bronte Capital]]></category>
		<category><![CDATA[curiouser and curiouser]]></category>
		<category><![CDATA[Francesco Rusciano]]></category>
		<category><![CDATA[ft-alphaville]]></category>
		<category><![CDATA[Jeffry Schneider]]></category>
		<category><![CDATA[Onyx Capital]]></category>
		<category><![CDATA[Ponta Negra]]></category>
		<category><![CDATA[ponzi scheme]]></category>
		<category><![CDATA[SEC]]></category>
		<category><![CDATA[Stanford Capital Management]]></category>

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		<description><![CDATA[West Palm Beach (HedgeCo.net) &#8211; On the 18 of March, the Australian Hedge Fund &#38; Research team at Bronte Capital began dropping hints regarding an un-named $60 million dollar Ponzi Scheme. In a blog entry named &#34;Curiouser and Curiouser&#34; Bronte Capital described the fraud and to support support their claims, posted 2 pieces of Ponta [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>Demand for Hedge Fund Separate Accounts &#8216;a Knee-Jerk Reaction&#8217;</title>
		<link>http://www.hedgeco.net/news/04/2009/demand-for-hedge-fund-separate-accounts-a-knee-jerk-reaction.html</link>
		<comments>http://www.hedgeco.net/news/04/2009/demand-for-hedge-fund-separate-accounts-a-knee-jerk-reaction.html#comments</comments>
		<pubDate>Fri, 24 Apr 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[bernard madoff]]></category>
		<category><![CDATA[capital outflow]]></category>
		<category><![CDATA[conviction]]></category>
		<category><![CDATA[deutsche bank]]></category>
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		<category><![CDATA[financier]]></category>
		<category><![CDATA[fraud]]></category>
		<category><![CDATA[fund investors]]></category>
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		<category><![CDATA[hong kong]]></category>
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		<category><![CDATA[money]]></category>
		<category><![CDATA[overreaction]]></category>
		<category><![CDATA[participants]]></category>
		<category><![CDATA[ponzi scheme]]></category>
		<category><![CDATA[redemptions]]></category>
		<category><![CDATA[trades]]></category>

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		<description><![CDATA[Bloomberg &#8211; Hedge fund investors&#8217; growing demands for separate accounts may be an overreaction to increasing redemptions and fraud, participants said at an industry conference in Hong Kong this week. Investors are demanding accounts that allow them to tailor investments, see trades and get out when they want, instead of the traditional way of pooling [...]]]></description>
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		</item>
		<item>
		<title>Unions sue hedge funds over money lost by Madoff</title>
		<link>http://www.hedgeco.net/news/04/2009/unions-sue-hedge-funds-over-money-lost-by-madoff.html</link>
		<comments>http://www.hedgeco.net/news/04/2009/unions-sue-hedge-funds-over-money-lost-by-madoff.html#comments</comments>
		<pubDate>Fri, 17 Apr 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[bernard madoff]]></category>
		<category><![CDATA[keycorp]]></category>
		<category><![CDATA[laborers union]]></category>
		<category><![CDATA[las vegas]]></category>
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		<category><![CDATA[mdash]]></category>
		<category><![CDATA[money]]></category>
		<category><![CDATA[plumbers]]></category>
		<category><![CDATA[ponzi scheme]]></category>
		<category><![CDATA[retirement funds]]></category>
		<category><![CDATA[sister companies]]></category>
		<category><![CDATA[southern district of new york]]></category>
		<category><![CDATA[unions]]></category>
		<category><![CDATA[vegas sun]]></category>
		<category><![CDATA[victory capital management]]></category>

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		<description><![CDATA[Las Vegas Sun &#8211; Two Las Vegas unions claim to have lost almost $2 million in retirement funds to the Bernard Madoff Ponzi scheme, and have sued the hedge fund in which they had invested that money. The unions &#8212; Laborers Union Local 872 and Plumbers and Pipefitters Local 525 &#8212; sued Austin Management Capital [...]]]></description>
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		<title>Former chairman of GM financial arm charged in Madoff-related fraud</title>
		<link>http://www.hedgeco.net/news/04/2009/former-chairman-of-gm-financial-arm-charged-in-madoff-related-fraud.html</link>
		<comments>http://www.hedgeco.net/news/04/2009/former-chairman-of-gm-financial-arm-charged-in-madoff-related-fraud.html#comments</comments>
		<pubDate>Thu, 09 Apr 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[attorney-general-andrew-cuomo]]></category>
		<category><![CDATA[bernard madoff]]></category>
		<category><![CDATA[civil complaint]]></category>
		<category><![CDATA[ezra]]></category>
		<category><![CDATA[financial arm]]></category>
		<category><![CDATA[general-motors]]></category>
		<category><![CDATA[gmac financial services]]></category>
		<category><![CDATA[hedge-fund-manager]]></category>
		<category><![CDATA[incentive fees]]></category>
		<category><![CDATA[merkin]]></category>
		<category><![CDATA[millionaire]]></category>
		<category><![CDATA[new york state attorney general]]></category>
		<category><![CDATA[new york state attorney general andrew cuomo]]></category>
		<category><![CDATA[new-york-state]]></category>
		<category><![CDATA[new-york-supreme-court]]></category>
		<category><![CDATA[ponzi scheme]]></category>
		<category><![CDATA[state attorney general]]></category>
		<category><![CDATA[wsws]]></category>
		<category><![CDATA[york state attorney general andrew]]></category>

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		<description><![CDATA[WSWS &#8211; New York State Attorney General Andrew Cuomo on Monday charged J. Ezra Merkin, a multi-millionaire hedge fund manager and former chairman of GMAC Financial Services, the financial arm of General Motors, with bilking investors out of $2.4 billion by funneling their money, without their knowledge, to convicted Ponzi scheme operator Bernard Madoff. According [...]]]></description>
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		<title>&#8216;Maverick&#8217; Billionaire Tearfully Denies Any Wrongdoing to Cameras</title>
		<link>http://www.hedgeco.net/news/04/2009/maverick-billionaire-tearfully-denies-any-wrongdoing-to-cameras.html</link>
		<comments>http://www.hedgeco.net/news/04/2009/maverick-billionaire-tearfully-denies-any-wrongdoing-to-cameras.html#comments</comments>
		<pubDate>Wed, 08 Apr 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[HedgeCo News]]></category>
		<category><![CDATA[abc news]]></category>
		<category><![CDATA[accredited-investors]]></category>
		<category><![CDATA[billions and billions]]></category>
		<category><![CDATA[candid interview]]></category>
		<category><![CDATA[capital-management]]></category>
		<category><![CDATA[cd program]]></category>
		<category><![CDATA[false promises]]></category>
		<category><![CDATA[hedgeco]]></category>
		<category><![CDATA[houston restaurant]]></category>
		<category><![CDATA[massive-fraud]]></category>
		<category><![CDATA[moose head]]></category>
		<category><![CDATA[ponzi scheme]]></category>
		<category><![CDATA[private jet]]></category>
		<category><![CDATA[r allen]]></category>
		<category><![CDATA[securities-and-exchange-commission]]></category>
		<category><![CDATA[stanford group company]]></category>
		<category><![CDATA[texas billionaire]]></category>

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		<description><![CDATA[New York (HedgeCo.Net) &#8211; R. Allen Stanford&#8217;s fate may be up in the air with a looming trial and the accusations of a major Ponzi scheme, but that didn&#8217;t stop him from opening up to ABC News cameras outside of a Houston restaurant. In a short-lived but candid interview, Stanford went from aggressive to tearful [...]]]></description>
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		</item>
		<item>
		<title>Cuomo Sues Hedge Fund Chief for Bets Placed with Madoff</title>
		<link>http://www.hedgeco.net/news/04/2009/cuomo-sues-hedge-fund-chief-for-bets-placed-with-madoff.html</link>
		<comments>http://www.hedgeco.net/news/04/2009/cuomo-sues-hedge-fund-chief-for-bets-placed-with-madoff.html#comments</comments>
		<pubDate>Tue, 07 Apr 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[HedgeCo News]]></category>
		<category><![CDATA[accredited-investors]]></category>
		<category><![CDATA[attorney-general-andrew-cuomo]]></category>
		<category><![CDATA[bernard madoff]]></category>
		<category><![CDATA[comptroller office]]></category>
		<category><![CDATA[gmac financing]]></category>
		<category><![CDATA[hedgeco]]></category>
		<category><![CDATA[kickbacks]]></category>
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		<category><![CDATA[mort zuckerman]]></category>
		<category><![CDATA[new york daily news]]></category>
		<category><![CDATA[new-york-attorney-general]]></category>
		<category><![CDATA[new-york-attorney-general-andrew-cuomo]]></category>
		<category><![CDATA[performance-fees]]></category>
		<category><![CDATA[ponzi scheme]]></category>
		<category><![CDATA[private equity firms]]></category>
		<category><![CDATA[stock purchases]]></category>
		<category><![CDATA[york daily news]]></category>
		<category><![CDATA[york-attorney-general-andrew-cuomo]]></category>

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		<description><![CDATA[New York (HedgeCo.Net) &#8211; J. Ezra Merkin, head of Gabriel Capital Corp., has been sued by New York Attorney General Andrew Cuomo, after it was discovered he had placed investor&#8217;s money into funds managed by Bernard Madoff without their knowledge or consent. &#160; Cuomo alleges that the former GMAC Financing Chairman allocated about $2.4 billion [...]]]></description>
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		<item>
		<title>SEC Halts Canada/China Hedge Fund Fraud</title>
		<link>http://www.hedgeco.net/news/04/2009/sec-halts-canada-china-hedge-fund-fraud.html</link>
		<comments>http://www.hedgeco.net/news/04/2009/sec-halts-canada-china-hedge-fund-fraud.html#comments</comments>
		<pubDate>Tue, 07 Apr 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[HedgeCo News]]></category>
		<category><![CDATA[accredited-investors]]></category>
		<category><![CDATA[bluejay]]></category>
		<category><![CDATA[capital-partners-lp]]></category>
		<category><![CDATA[chinese american community]]></category>
		<category><![CDATA[civil money penalties]]></category>
		<category><![CDATA[disgorgement]]></category>
		<category><![CDATA[emergency relief]]></category>
		<category><![CDATA[hedge-fund-manager]]></category>
		<category><![CDATA[hedgeco]]></category>
		<category><![CDATA[ill gotten gains]]></category>
		<category><![CDATA[injunctions]]></category>
		<category><![CDATA[international investment]]></category>
		<category><![CDATA[investment-adviser]]></category>
		<category><![CDATA[palm-beach]]></category>
		<category><![CDATA[ponzi scheme]]></category>
		<category><![CDATA[securities-and-exchange-commission]]></category>
		<category><![CDATA[temporary restraining order]]></category>
		<category><![CDATA[warren buffet]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[West Palm Beach (HedgeCo.net) &#8211; The Securities and Exchange Commission filed a restraining order yesterday to halt an on-going multi-million dollar Ponzi scheme. The SEC says that Defendant, Toronto hedge-fund manager Weizhen Tang, orchestrated the fraud through an overseas hedge fund and a Texas-based investment adviser. U.S. District Judge Jane Boyle granted a temporary restraining [...]]]></description>
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		<item>
		<title>Texas Resident to Pay $71 Million to Defrauded Investors</title>
		<link>http://www.hedgeco.net/news/04/2009/texas-resident-to-pay-71-million-to-defrauded-investors.html</link>
		<comments>http://www.hedgeco.net/news/04/2009/texas-resident-to-pay-71-million-to-defrauded-investors.html#comments</comments>
		<pubDate>Fri, 03 Apr 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[HedgeCo News]]></category>
		<category><![CDATA[account statements]]></category>
		<category><![CDATA[accredited-investors]]></category>
		<category><![CDATA[cftc]]></category>
		<category><![CDATA[commodity pool]]></category>
		<category><![CDATA[embezzlement]]></category>
		<category><![CDATA[extravagant lifestyle]]></category>
		<category><![CDATA[federal prison]]></category>
		<category><![CDATA[futures-and-options]]></category>
		<category><![CDATA[hedgeco]]></category>
		<category><![CDATA[hudgins]]></category>
		<category><![CDATA[money-laundering]]></category>
		<category><![CDATA[ponzi scheme]]></category>
		<category><![CDATA[pool operation]]></category>
		<category><![CDATA[prison julie]]></category>
		<category><![CDATA[sports cars]]></category>
		<category><![CDATA[stellar performance]]></category>
		<category><![CDATA[tiffany jewelry]]></category>
		<category><![CDATA[wire-fraud]]></category>

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		<description><![CDATA[New York (HedgeCo.Net) &#8211; Texas Resident George D. Hudgins must pay $71 million following a federal court order obtained by the CFTC, to pay back victims of his Ponzi scheme and to settle a $15 million penalty. According to the original complaint, Hudgins swindled about $88 million from June 2001 to May 2008, in a [...]]]></description>
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		</item>
		<item>
		<title>N.Y. hedge-fund manager accused of Ponzi scheme</title>
		<link>http://www.hedgeco.net/news/04/2009/ny-hedge-fund-manager-accused-of-ponzi-scheme.html</link>
		<comments>http://www.hedgeco.net/news/04/2009/ny-hedge-fund-manager-accused-of-ponzi-scheme.html#comments</comments>
		<pubDate>Thu, 02 Apr 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[acquaintances]]></category>
		<category><![CDATA[capital-management]]></category>
		<category><![CDATA[criminal-charges]]></category>
		<category><![CDATA[denver post]]></category>
		<category><![CDATA[hedge-fund-manager]]></category>
		<category><![CDATA[investors]]></category>
		<category><![CDATA[management corp]]></category>
		<category><![CDATA[ponzi scheme]]></category>
		<category><![CDATA[prima capital]]></category>
		<category><![CDATA[securities-and-exchange]]></category>
		<category><![CDATA[securities-and-exchange-commission]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[Denver Post &#8211; The U.S. filed civil and criminal charges against New York hedge-fund manager Edward T. Stein, accusing him of running a &#34;classic Ponzi scheme&#34; that moved more than $55 million through accounts while preying on acquaintances. Stein, who controls Gemini Fund I hedge fund, DISP LLC and Prima Capital Management Corp., moved millions [...]]]></description>
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		</item>
		<item>
		<title>Funds Tied to Madoff in Legal Vise</title>
		<link>http://www.hedgeco.net/news/04/2009/funds-tied-to-madoff-in-legal-vise.html</link>
		<comments>http://www.hedgeco.net/news/04/2009/funds-tied-to-madoff-in-legal-vise.html#comments</comments>
		<pubDate>Thu, 02 Apr 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[billions of dollars]]></category>
		<category><![CDATA[fairfield greenwich group]]></category>
		<category><![CDATA[feeder]]></category>
		<category><![CDATA[fraud]]></category>
		<category><![CDATA[gainesville sun]]></category>
		<category><![CDATA[hedge-fund-managers]]></category>
		<category><![CDATA[investors]]></category>
		<category><![CDATA[madoff]]></category>
		<category><![CDATA[massachusetts]]></category>
		<category><![CDATA[ponzi scheme]]></category>
		<category><![CDATA[regulators]]></category>

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		<description><![CDATA[Gainesville Sun &#8211; As Bernard L. Madoff waits in jail to be sentenced, legal problems are accumulating for some of the hedge fund managers who helped him raise billions of dollars from around the world for what he now admits was a vast Ponzi scheme. Massachusetts regulators have sued the Fairfield Greenwich Group, one of [...]]]></description>
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		</item>
		<item>
		<title>Ponzi Funds Said Missing</title>
		<link>http://www.hedgeco.net/news/03/2009/ponzi-funds-said-missing.html</link>
		<comments>http://www.hedgeco.net/news/03/2009/ponzi-funds-said-missing.html#comments</comments>
		<pubDate>Fri, 27 Mar 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[10-million]]></category>
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		<category><![CDATA[general-partner]]></category>
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		<category><![CDATA[wall street]]></category>
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		<description><![CDATA[Wall Street Journal &#8211; 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&#8217;s investigation showed that $293 million was invested with Mr. Nicholson, who was president and general partner of Westgate Capital [...]]]></description>
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		<title>Madoff Trustee Locates Assets of $75 Million</title>
		<link>http://www.hedgeco.net/news/03/2009/madoff-trustee-locates-assets-of-75-million.html</link>
		<comments>http://www.hedgeco.net/news/03/2009/madoff-trustee-locates-assets-of-75-million.html#comments</comments>
		<pubDate>Tue, 24 Mar 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
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		<category><![CDATA[bernard madoff]]></category>
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		<description><![CDATA[Wall Street Journal &#8211; A lawyer for the court-appointed trustee liquidating Bernard Madoff&#8217;s firm confirmed they have located an additional $75 million in Madoff assets &#8212; a figure that would put the total above $1 billion. A lawyer for the court-appointed trustee also said Monday that French authorities are moving to seize Mr. Madoff&#8217;s residence [...]]]></description>
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		<title>HMC Hedge Fund Founder Grebow Sentenced to Four Years in Fraud</title>
		<link>http://www.hedgeco.net/news/03/2009/hmc-hedge-fund-founder-grebow-sentenced-to-four-years-in-fraud.html</link>
		<comments>http://www.hedgeco.net/news/03/2009/hmc-hedge-fund-founder-grebow-sentenced-to-four-years-in-fraud.html#comments</comments>
		<pubDate>Fri, 20 Mar 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[bloomberg]]></category>
		<category><![CDATA[bret grebow]]></category>
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		<description><![CDATA[Bloomberg &#8211; 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 &#8220;a classic Ponzi scheme.&#8221; Grebow, of Highland, Florida, was also ordered to forfeit $7.8 million after pleading guilty last year to investment adviser fraud. U.S. [...]]]></description>
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