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U.S. Marshals Service to Help Clean Up Hedge Fund Mess

on Thursday, July 31st, 2008 at 12:00 am

New York (HedgeCo.Net) - While the aftermath of the collapsed Bayou hedge fund may have left investors with nothing more than shock, the U.S. Marshals are trying to recoup some of the losses that were suffered. By selling Bayou’s failed investments, they are recovering some $115 million from the fund that once squandered over $300 […]

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Ex-Samsung chief handed 3-year suspended jail term

on Wednesday, July 16th, 2008 at 12:00 am

Reuters- Former Samsung Group chief Lee Kun-hee, one of South Korea’s most powerful businessmen, was handed a 3-year suspended jail sentence on Wednesday for tax evasion, but was cleared of other charges.
The court also fined Lee 110 billion won ($109 million), more than double the amount of […]

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