Tag Archives: state attorney general


New York cutting firms tied to pension flap from doing business with fund

May 26, 2009 : Permalink

New York Daily News – State Controller Thomas DiNapoli is booting 10 hedge fund managers from doing business with New York’s scandal-scarred $122 billion pension fund, the Daily News has learned. Four of the 10 firms were listed, but not […]

Festival del Sole founder admits guilt in fraud

April 17, 2009 : Permalink

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 […]

A Hedge Fund Executive Is Guilty of Securities Fraud

April 15, 2009 : Permalink

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 […]

Former chairman of GM financial arm charged in Madoff-related fraud

April 9, 2009 : Permalink

WSWS – 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 […]

Obama Moves to Block $165M in AIG Bonuses

March 17, 2009 : Permalink

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 […]

Famed for piety, Jacob Merkin put faith and funds in Bernie Madoff

January 19, 2009 : Permalink

New York Daily News – Jacob Ezra Merkin was once revered as a wizard of Wall Street, an angel of charity and a lion of Judaic studies. Now he has earned infamy as a destroyer of wealth, a menace to philanthropy, a […]