Who's Next To Be Nabbed In Petters Fraud?

July 14th, 2009
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Contributed by: Teri Buhl
Palm Beach Capital, with an estimated $1.6 billion in assets under management, may be the next fund accused for wrongdoing by the SEC for its involvement in the alleged Ponzi Scheme that was operated by Minnesota businessman Thomas Petters. According to an article by DealBreaker.com’s Teri Buhl, some of the fund’s investors suspect that the fund’s portfolio managers failed to conduct the proper due diligence before investing with Petters. As reported earlier, the SEC froze the assets this past Friday of Lancelot Management LLC, another one of Petters’ feeder.

To see the whole story, please click “Source” below.
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For Detailed Investor Profiles on these Investors, click below:
Petters Group Worldwide
Related People: Tom Petters
Related Article Tags: Hedge Fund Fraud and Ponzi Scheme News; Hedge Fund Resources and Featured Partner News

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