Tag Archives: estate-deals

Palm Beach Hedge Fund Burned by Ponzi-Schemer Petters

New York (HedgeCo.Net) – South Florida-based hedge fund Palm Beach Finance Partners LP says it lost more than $1 billion to the company run by famed fraudster Tom Petters.  Petters headed Minnesota-based Palm Beach Finance Holdings Inc. before being charged […]

UPDATE-Airline Files For Chap.11 After Petters Arrest

West Palm Beach (HedgeCo.net) – Holiday airline Sun Country filed for bankruptcy yesterday, just 3 days after the arrest of investor Thomas Petters, founder of Petters Group Worldwide, the firm that owns Sun Country among other investments. Petters was charged […]

Judge denies bail in hedge fund fraud case

Telegram.com – Convicted swindler Amit Mathur will remain in federal custody for the next three months, a federal judge ruled today. In denying Mr. Mathur’s bid to be released on bail until his sentencing, scheduled for Sept. 5, U.S. District […]