Tag Archives: scam-artists


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 […]

Petters Files for Bankruptcy, Hedge Fund Seeks Answers

New York (HedgeCo.Net) – Petters Group Worldwide has filed for Chapter  11 bankruptcy protection after feds launched a probe into an alleged $3 billion scam that was said to be orchestrated by the founder.  The subsidiary company under investigation is […]

SEC Targets Hedge Fund Swindler

New York (HedgeCo.Net) – The SEC has targeted hedge funders David Myatt and William Eichengreen, both of Directors Performance Fund, with charges of fraud.  The two men allegedly took $25 million of their investment advisors money and put it into […]