HedgeTracker Hall of Fraud
The HedgeTracker Hall of Fraud list was created to keep track of the incredible number of alleged frauds and ponzi schemes that have been uncovered recently in the financial industry. While the major news agencies have been focusing heavily on the infamous schemes of Bernie Madoff and R. Allen Stanford, there are numerous other alleged perpetrators whose deeds have not received the attention they deserve.
Notably, the list includes innocent individuals who are facing charges, those who have reached agreements without admitting guilt, as well as those who have been pronounced guilty in a court of law.
The editors of HedgeTracker encourage our readers to suggest additions as well as updates.
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*Estimated Value of alleged fraud/investor losses. While HedgeTracker.com makes a reasonable effort to verify each entry by using credible sources, such as the Securities & Exchange Commission and the U.S. Commodity Futures Trading Commission, the website cannot be held liable for erroneous entries.
Hall of Fraud Comment(s)
by steve on March 2nd, 2010 10:01 AM
What about the NYU whiz kid Hakan Yalincak and his mom who were operating a sham HF called Yasam Trading Group. Did NYU ever give back the money they received from this fraud???
by Value Line Buttner Brecher Henigson on February 17th, 2010 7:18 PM
They ripped off a cool $24 million 2 cents at time over almost 20 years.
by krbabu on February 16th, 2010 10:36 AM
How about the Galleon Group Hedge Fund?
by C on January 4th, 2010 9:17 AM
Mark Lay/MDL Capital Management (Pittsburgh)
$216 million (Ohio BWC/Bureau of Workers' Compensation case) verdict around July 2008 - ordered to pay back all $216 million he was accused of losing in highly levered hedge funds he invested in without authorization (sentenced to a dozen years)source: FINalternatives July 11, 2008
by Jim Mayer on December 10th, 2009 7:06 AM
goggle Reed Slatkin. my recollection is it was 150-200 million range.
by humperdink on November 1st, 2009 5:04 PM
you left out Advanced Equities of Chicago
by Ldel Rio on August 16th, 2009 10:22 AM
You are missing All or Nothing, LLC in Philadelphia
by MC on June 10th, 2009 7:25 AM
Weavering Macro Fixed Income Fund seems to be missing as well in the Hall of Fraud
by DB on June 10th, 2009 6:30 AM
D.B. Zwirn Special Opportunities Fund, L.P - Dan Zwirn has been kicked out and the SEC is still investigating his fraud
by georgianna cotton on June 2nd, 2009 12:49 PM
does any one know about globalone financial , inc www.globalonebancorp.com
