Recent Investor Fraud and Ponzi Scheme News

SAC Capital Advisors Not Out of the woods with $602M SEC Settlement

A Manhattan federal judge has stepped in to question a record $602 million settlement between SAC Capital Advisors and the SEC, which has been investigating...

Bill Hwang and Tiger Asia Pay Record Settlement in SEC Insider Trading Case

Tiger Asia founder Bill Hwang has settled both criminal and civil charges after pleading guilty to illegally profiting from inside information. As reported...

The Rise & Rise of Operational Due Diligence

The Madoff scandal exposed the Alternative Investment Industry to widespread allegations of substantial neglect, in terms of its Due Diligence processes....

How to Avoid Ponzi Schemes

I spent a sad and depressing, but highly instructional evening with Dr. Stephen Greenspan, who lost most of his personal fortune with Bernie Madoff. The...

Bain's Brookside Capital fined by SEC for trading violation

The SEC recently reached a settlement with hedge fund Brookside Capital for trading violations. According to The Boston Globe, Brookside Capital manages...

U.S. Attorney zeroing in on ex-FrontPoint Hedge Fund Manager

A hedge fund manager charged last April with securities fraud is now in the sights of US Attorney, Preet Bharara of Manhattan. According to Bloomberg...

FERC flexes its New Muscle with $30M fine on former Amaranth Advisors trader Brian Hunter

In the first application of its new enforcement capability, the Federal Energy Regulatory Commission (FERC) finally acted on its finding that a former...

Steven Cohen: Investors won’t bear costs of government investigation into SAC

In his year-end letter to investors, Steven A. Cohen, the founder of SAC Capital Advisors, announced that investors will not be responsible for any of...

Fontana Capital charged with Short Violations

Boston based Fontana Capital has been charged by the SEC for short sale violations that netted $1.1 million in allegedly illegal profits.

Alleged Hedge Fund Tipster Remains Jailed

Winifred Jiau, a former consultant at Primary Global Research LLC, will remained jailed after failing to pay bail of $250,000. Jiau is accused of providing...

FrontPoint Partners’ investors get spooked by insider trading investigation, withdraw billions

FrontPoint Partners, the $7 billion hedge fund manager that was recently named in an insider trading investigation, has begun to face the heat from investors...

Level Global, Diamondback Capital, and Loch Capital raided by Feds

As part of an insider trading probe, Federal investigators have recently raided the offices of several hedge fund managers, including

Boston Trading and Research’s Akyil and Karlis charged with $40 million fraud scheme

The Securities and Exchange Commission has charged Craig Karlis, Ahmet Devrim Akyil and their company Boston Trading and Research LLC (BTR) with operating...

Hedge Fund New Stream has massive Layoffs after Pot Farm Bust

New Stream Capital has been forced to layoff most of their staff after mega fund of fund Gottex took receivership of some of their assets and is forcing...

SEC charges Carlson Capital with violating short selling policies

The SEC has charged Clint Carlson’s Carlson Capital with four occasions of improperly short selling stocks and subsequently participating in the public...

SEC charges Systematic Financial’s Sandra Venetis with Multi-Million Dollar fraud

The SEC has charged Sandra Venetis with the operation of a New Jersey-based offering fraud that swindled scores of investors, many of whom were retired,...

Och-Ziff Spread Lehman Rumors?

A Manhattan bankruptcy court is alleging that Och-Ziff Capital Management spread misleading rumors about Lehman Brothers in the months leading up its...

SEC Uncovers Accountants’ Pipeline Ponzi Scheme

The SEC has charged Laurence M. Brown and Ronald Mangini, both certified public accountants, with fraud after uncovering their scam to sell fake securities...

Penny Stock Company sues author Randall Lane on alleged Lenny Dykstra stock pump report

Former Mets star Lenny Dykstra and a small Southern California publicly traded company have been wrung through the media gambit this week when former...

Paramount Partners’ John L. Lawton seeks to withdraw guilty pleas

Former hedge fund manager of Paramount Partners LP John W. Lawton pled guilty to mail fraud and falsifying documents in 2009. According to the Twin Cities...


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