Tag Archives: wall street trader

Star trader defends bonus payouts

BBC – A Wall Street trader thought to have received the biggest bonus of all time has defended industry payouts. Adam Levinson runs two hedge funds at Fortress Investments. It was so keen to keep hold of him that they […]

Former Merrill execs invested in Madoff funds

Reuters – Top former Merrill Lynch executives, including two former CEOs, invested in hedge funds that lost money with alleged fraudster Bernard Madoff, becoming the highest-level Wall Street victims of the scandal to date, the Wall Street Journal reported on […]

Hedge fund founder used phony firm, returns: authorities

Reuters – A hedge fund manager overstated values by hundreds of millions of dollars, set up a phony accounting firm and showed uniformly positive returns for nine years to defraud investors, U.S. authorities said on Wednesday. James Nicholson, 42, founder […]