Tag Archives: securities fraud


Feds Charge Dreier Conspirator In Hedge Fund Fraud

North Country Gazette – A former registered broker with the National Association of Securities Dealers has been charged in a criminal information with conspiracy, securities fraud and wire fraud stemming from his participation with attorney Marc Dreier in the sale […]

Festival del Sole founder admits guilt in fraud

Napa Valley Register – The 2009 Festival del Sole will proceed in July as planned despite its founder’s guilty plea to securities fraud. Hedge fund executive Barrett Wissman has pleaded guilty to felony securities fraud and is cooperating with New […]

Pension fund kickback accusation leveled in Albany

Democrat and Chronicle – The former chairman of the state Liberal Party was accused Wednesday of receiving at least $800,000 from the state pension fund as a kickback for helping elect former Comptroller Alan Hevesi and Hevesi’s son. Raymond B. […]

Fund Manager Pleads Guilty in New York Pension Probe

Bloomberg – Barrett Wissman, a Dallas hedge fund manager, pleaded guilty to securities fraud as part of an investigation of corruption at New York’s $122 billion pension fund, state officials said. Wissman, 46, an executive of HFV Asset Management LP, […]

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 […]

$100 million recovered in hedge-fund fraud case

Seattle Times – An official appointed to recover the assets of a prominent Manhattan lawyer accused of defrauding hedge funds of at least $400 million says he has safeguarded more than $100 million in assets, including an $18.5 million yacht. […]

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 […]

NY State Pension Fund Linked to Millions in Kickbacks from Private Equity, Hedge Funds

New York (HedgeCo.Net) – Two high-ranking men who worked in the New York State comptroller’s office were arrested yesterday after it was discovered they took millions of dollars in kickbacks from private equity and hedge funds, said Attorney General Andrew […]

Aviva moves to stop lending shares to hedge funds

Insurance giant Aviva could end  the practice of lending shares to hedge funds in a move against short-selling. Aviva shares were battered on the stock market earlier this month – losing 40pc of their value in two days – amid […]

Madoff faces 150-year sentence after guilty plea

Hindustan Times – Bernard Madoff, whose $50-billion fraud devastated individual and institutional investors worldwide, could spend the rest of his life in prison after pleading guilty later this week. In a court hearing Tuesday, defence lawyer Ira Sorkin said that Madoff would […]

Former Merrill execs invested in Madoff funds

Reuters – Top former Merrill Lynch executives, including two former CEOs, invested in hedge funds that lost money with alleged fraudster Bernard Madoff, becoming the highest-level Wall Street victims of the scandal to date, the Wall Street Journal reported on […]