Tag Archives: sun-sentinel


Former UBS Exec Sentenced in Manhattan

New York (HedgeCo.Net) – A former UBS AG executive has been sentenced to 6-1/2 years in prison after pleading guilty to selling private information about the bank’s stock recommendations.  Mitchel Guttenberg, a former manager in UBS’ equity research department, was […]

Colorado Hedge Fraudster Will Serve 24 Years

New York (HedgeCo.Net) – Hamilton Alan Bird, formerly of XL Capital Partners, who headed the scheme that swindled over $7.5 million of investors’ money, has been sentenced to 24 years in prison.  The Colorado Springs resident received his fate on […]

Head of Hedge Fund Real Estate Sham Pays the Price

New York (HedgeCo.Net) – A published author and notable hedge fund manager has seen his charade finally come to a halt.  Mark Boucher of Portola Valley, California, who wrote “The Hedge Fund Edge,” has agreed to pay $100,000 in penalties […]

U.S. seeks delay of civil case vs. Bear managers

Reuters – U.S. federal prosecutors asked securities regulators to delay a civil case against two former Bear Stearns hedge fund managers while they hold grand jury hearings in building a criminal case against the pair. Fund managers Ralph Cioffi and […]

Well-known lawyer joins ex-Bear manager

Reuters- Veteran U.S. lawyer Brendan Sullivan is joining the defense team of indicted former Bear Stearns hedge fund manager Ralph Cioffi, a person close to the matter said on Tuesday. Sullivan, a trial attorney who has represented high-profile clients including […]

Bear Stearns Not Liable for Fraudulent Fund

New York (HedgeCo.Net) – Bear Stearns has triumphed in a case involving disgruntled investors seeking $141 million for the losses they incurred following the collapse of the Manhattan Investment Fund Ltd., a hedge fund where Bear served as the prime […]

Bear Hedge Fund Managers Will Face Criminal Charges

New York (HedgeCo.Net) – The two managers behind Bear Stearns’ infamous failed hedge funds have surrendered to face charges, in what will be the first criminal lawsuit stemming from the subprime mortgage fallout. Ralph Cioffi, 52, and Matthew Tannin, 46, […]

Future grim for two Bear Stearns hedge fund managers

New York (HedgeCo.Net) – Troubles keep arising for Bear Stearns, even after its demise and the resulting takeover by JPMorgan Chase.  It seems investors are still targeting Bear after the implosion of their two failed hedge funds last year that […]

Hedge Fund Suicide

West Palm Beach (Hedge Co.Net)- Kirk Sean Wright, CEO of hedge fund International Management Associates of Atlanta hanged himself in a Union City jail cell Saturday night. Wright was convicted by a federal jury on 47 counts of mail fraud, […]

Hedge fund founder guilty in $150 mln fraud scheme

Reuters – A federal jury in Atlanta on Wednesday convicted former hedge fund manager Kirk Wright on charges of scamming investors, including former professional athletes, out of $150 million, the Justice Department said. Kirk was found guilty on charges of […]

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