Tag Archives: wire-fraud


Chicago hedge fund owner pleads guilty to 1 count of wire fraud in Tom Petters fraud case

AP – A Chicago hedge fund owner accused of helping prop up the alleged Tom Petters Ponzi scheme has pleaded guilty to one count of wire fraud. Appearing in federal court in St. Paul on Wednesday, Gregory Bell admitted helping […]

Calif. hedge fund manager pleads guilty to fraud

Riverside Press Enterprise – The founder and manager of two Beverly Hills hedge funds has pleaded guilty to federal fraud charges. Bradley Ruderman pleaded guilty Monday to two counts of wire fraud, two counts of investment adviser fraud and a […]

Highland Park-based hedge fund manager granted bail

Chicago Tribune – 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 […]

Lawyer Dreier pleads guilty to defrauding hedge funds of more $400 million

Minneapolis Star Tribune – A Prominent Manhattan lawyer has pleaded guilty to defrauding hedge funds of more than $400 million. Fifty-eight-year-old Marc Dreier on Monday pleaded guilty to conspiracy to commit securities and wire fraud, securities fraud, wire fraud and […]

Lawyer in $700M fraud to plead guilty

New York Daily News – Marc Dreier will plead guilty to all charges stemming from the $700 million investment fraud he is accused of carrying out, his lawyer said Monday. Defense lawyer Gerald Shargel said Dreier will enter the plea […]

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 […]

Florida Hedge Fund Fraudster Remains in Federal Custody

New York (HedgeCo.Net) – A former Florida hedge fund manager is being held without bail in a West Palm Beach prison after prosecutors convinced the judge he is a flight risk.  Attorneys for Won-Sok Lee were seeking a continuance for […]

Former Florida Hedge Fund Manager Awaits Trial

New York (HedgeCo.Net) – Won Sok Lee will face a U.S. trial after fleeing for three years following the discovery of his bogus Florida hedge fund.  The KL Group allegedly defrauded about $200 million out of investors over the course […]

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 […]

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 […]

Time flies with Nadel in custody

Herald Tribune – As Arthur G. Nadel made his way to New York Thursday under the watchful eye of U.S. marshals, the clock ticked away on the 30-day time limit faced by prosecutors to indict the man accused of a […]

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