Tag Archives: civil complaint


Former chairman of GM financial arm charged in Madoff-related fraud

April 9, 2009 : Permalink

WSWS – New York State Attorney General Andrew Cuomo on Monday charged J. Ezra Merkin, a multi-millionaire hedge fund manager and former chairman of GMAC Financial Services, the financial arm of General Motors, with bilking investors out of $2.4 billion […]

Aviva moves to stop lending shares to hedge funds

March 17, 2009 : Permalink

Insurance giant Aviva could end  the practice of lending shares to hedge funds in a move against short-selling. Aviva shares were battered on the stock market earlier this month – losing 40pc of their value in two days – amid […]

Hedge Fund Manager to Appear in Court

January 30, 2009 : Permalink

West Palm Beach (HedgeCo.net) – Hedge fund manager Arthur Nadel is scheduled for a bail hearing in federal court in Tampa this afternoon. Nadel faces a federal charge of securities and wire fraud after using “manipulative and deceptive devices” to […]

Missing Hedge Fund Fraudster Turns Himself In

January 28, 2009 : Permalink

New York (HedgeCo.Net) – Missing hedge fund manager Arthur Nadel, who disappeared last week along with an estimated $350 million of investor’s money, turned himself in to the FBI yesterday.   The Sarasota resident, 76, turned himself in at a […]