Tag Archives: flight risk


Report: Hedge fund owner in Petters case denied bail

July 22, 2009 : Permalink

Birmingham Business Journal – The owner of a Chicago hedge fund charged with helping Tom Petters fund his $3.5 billion alleged Ponzi scheme was denied bail Tuesday, reversing a bail decision last week, according to media reports. Gregory Bell was […]

Florida Hedge Fund Fraudster Remains in Federal Custody

April 13, 2009 : Permalink

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

April 7, 2009 : Permalink

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 […]

Madoff Avoids Jail, Continues House Arrest

January 13, 2009 : Permalink

New York (HedgeCo.Net) – Bernard Madoff will continue his house arrest at his swanky Manhattan apartment, after a judge refused to send him to prison on Monday. Madoff’s lawyers have pointed out that he has cooperated fully with officials and […]