Tag Archives: emergency-action
SEC Nails Ponzi Scheme Aimed at Deaf Community
New York (HedgeCo.Net) – The SEC has located and halted a Ponzi scheme targeted primarily at deaf individuals in the United States and Japan. According to the complaint, Hawaii-based Billion Coupons, Inc. along with its CEOMarvin R. Cooper was able […]
Hedge Fund Founder Nailed in What Could be Largest Scam Ever
New York (HedgeCo.Net) – Former chairman of the Nasdaq Stock Market Bernard Madoff was arrested yesterday and accused of orchestrating a ponzi scheme that bilked some $50 billion out of investors, authorities say. The founder of Bernard L. Madoff Investment […]
Big Time NYC Lawyer Accused of Scheming Hedge Funds
New York (HedgeCo.Net) – A prestigious New York City lawyer has been arrested and charged with masterminding a $100 million real-estate scheme that targeted large institutional investors and hedge funds. Marc Dreier, of Dreier LLP on Park Avenue, was arrested […]
Corporate Armor to Fight Hedge Fund Bullies
CFO.com – At 12:01 a.m. this morning, the Securities and Exchange Commission pushed out a new "emergency" disclosure rule that requires hedge funds and other large investors to disclose their short positions. The mandate is one of three new SEC […]
