Tag Archives: criminal-charges


Hedge Fund Manager Gets 7 Years For Fraud

October 14, 2009 : Permalink

New York  (HedgeCo.net) – Hedge fund manager Michael C. Regan was sentenced in a federal court in Brooklyn, N.Y. to seven years in prison for fraud. Just last June, Regan settled charges with the SEC on another of his hedge […]

Former hedge fund manager ordered to pay $500,000

September 17, 2009 : Permalink

South Florida Business Journal – A federal court judge has ordered former hedge fund manager Michael Lauer to pay a $500,000 civil penalty. The order was issued Aug. 17, but only announced in a Securities and Exchange Commission news release […]

Nadel’s lawyers drop his case

April 17, 2009 : Permalink

HeraldTribune.com – So much for Art Nadel’s high-profile legal team. Nadel, the Sarasota money manager charged with running a $400 million investment scam, is now represented by a federal public defender after his private attorneys dropped him on Wednesday. Prominent […]

N.Y. hedge-fund manager accused of Ponzi scheme

April 2, 2009 : Permalink

Denver Post – The U.S. filed civil and criminal charges against New York hedge-fund manager Edward T. Stein, accusing him of running a "classic Ponzi scheme" that moved more than $55 million through accounts while preying on acquaintances. Stein, who […]

UBS to Pay $200 Million to Settle SEC Charges

February 19, 2009 : Permalink

New York (HedgeCo.Net) – UBS AG will pay $200 million to settle the SEC charges that the Swiss Bank acted as an unregistered broker-dealer and investment adviser. According to the original compliant, UBS helped certain U.S. individuals to set up […]

Bear Stearns defendants’ e-mail use ‘dumbfounding,’ lawyers say

June 24, 2008 : Permalink

Seattle Post- Incriminating messages allegedly sent by two ex-Bear Stearns Cos. hedge fund managers indicted on fraud charges that even sophisticated professionals disregard the dangers of putting sensitive information in e-mails, ex-prosecutors said. Ralph Cioffi, 52, and Matthew Tannin, 46, […]

Hedge Funds in the Crosshairs

June 20, 2008 : Permalink

FOXBusiness- With record losses from the subprime and credit crisis veering towards the $400 bn mark, here come the market police. In the crosshairs: Hedge funds, including the indictments of the two Bear Stearns hedge fund managers. A senior law […]