Tag Archives: fbi


Feds raid 2 NY homes owned by Ohio hedge fund firm

July 2, 2009 : Permalink

Newsday – FBI agents have raided a pair of multimillion-dollar Buffalo-area homes owned by a hedge fund firm from Cleveland. Dozens of agents on Wednesday swarmed the neighboring properties in Hamburg, just south of Buffalo. The U.S. Attorney’s office isn’t […]

Hunt for Madoff money to drag on for years

May 18, 2009 : Permalink

Reuters UK – Five months after Bernard Madoff’s massive fraud was revealed, little of his victims’ money has been found and it appears increasingly likely that the worldwide hunt for their missing billions will drag on for years. So far, […]

Indian-American gets 10-year jail for $12.5 mn fraud

May 14, 2009 : Permalink

Siliconindia.com – An Indian-American investment adviser has been sentenced to 10 years in prison following his conviction on 20 counts of fraud with a scheme that bilked 15 investors of $12.5 million. Amit Mathur, 38, of Shrewsbury, Massachusetts, was also […]

Chrysler Hedge Funds Getting Death Threats

May 5, 2009 : Permalink

The Business Insider – Barack Obama’s decision to paint the hedge funds in the Chrysler case as anti-American obstructionists is prompting death threats against them. That’s at least what their lead laywer Thomas Lauria is saying, reports The Detroit News. […]

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 […]

Samuel Israel Competent to Plead Guilty

March 3, 2009 : Permalink

HedgeFund.Net – Samuel Israel III, the Bayou Group founder who led the FBI on a merry chase after failing to show up to serve his prison term, has recovered sufficiently to plead guilty to escape, a federal judge said last […]

A New World For Hedge Funds

February 6, 2009 : Permalink

Forbes – In December, Forbes was a media partner to Markets Media, host of the Global Markets Summit inNew York City. Forbes Intelligent Investing Editor Michael Maiello moderated a hedge fund industry panel that included activist investors Clay Lifflander of Millcap […]

U.S. accuses three in insider trading scheme

February 6, 2009 : Permalink

Reuters – A hedge fund manager, a brokerage trader and a financial adviser were charged on Thursday with insider trading in the stock of supermarket chain Albertsons Inc, reaping total profits of about $7.5 million, according to court documents. The […]

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 […]

Four in hedge fund sting convicted

January 15, 2009 : Permalink

Newsday – Maybe you heard the one about the phony multibillion-dollar Long Island hedge fund that was actually performing a public service. No? Well, apparently neither did four confidence men, according to federal prosecutors. The four were convicted yesterday in […]