Tag Archives: investigations
Porsche offices raided in share probe
First Post – German prosecutors are investigating executives at the sportscar firm over allegations of share-manipulation. Porsche denied any disclosure irregularities but many hedge funds and investment management firms were left wrong-footed after it made a shock announcement that it […]
SFO to investigate banks over mis-selling of complex products
Citywire.co.uk – The Serious Fraud Office (SFO) is to probe UK banks for evidence that complex financial products were mis-sold to consumers before the recession hit. SFO director Richard Alderman plans to investigate the sale of complicated financial instruments like […]
Investment Firms’ Donations May Be Curbed
istockAnalyst.com – The Securities and Exchange Commission unanimously endorsed the proposal amid widening investigations of so-called pay-to-play donations by private equity and hedge fund executives who jockey for lucrative fees to manage some of the more than $2.2 trillion in […]
Hedge Fund Founder Nailed in What Could be Largest Scam Ever
New York (HedgeCo.Net) – Former chairman of the Nasdaq Stock Market Bernard Madoff was arrested yesterday and accused of orchestrating a ponzi scheme that bilked some $50 billion out of investors, authorities say. The founder of Bernard L. Madoff Investment […]
New Evidence Emerges in Closed Insider-Trading Case
Washington Post – New evidence has emerged in an insider-trading investigation that the Securities and Exchange Commission closed two years ago without filing charges, raising questions on Capitol Hill about the government’s oversight of what was once one of the nation’s most prominent hedge […]
Ritchie Funds Sued by Barclays Over Hidden Petters Group Stake
Bloomberg – Ritchie Capital Management and Thane Ritchie, the hedge fund manager’s principal, were sued by Barclays Bank Plc over accusations they concealed more than $150 million in investments made in the collapsed Petters Group Worldwide LLC and affiliates. Now […]
FBI probes IndyMac Bank for possible fraud
Montreal Gazette- IndyMac Bank is under investigation by the FBI for possible fraud involving home loans made to risky borrowers, the Associated Press reported yesterday, citing an unnamed law enforcement official. The report said it was not immediately clear how […]
406 indicted in crackdown on mortgage fraud
Ventura County Star- More than 400 real estate industry players have been indicted since March, — including dozens in the last two days — in a Justice Department crackdown on incidents of mortgage fraud that stem from the country’s housing […]
Hedge-fund scammer a suicide? Victims doubt it
Philadelphia Daily News- A hedge-fund swindler who was supposed to be driving himself to prison abandoned his car on a bridge with the phrase "Suicide is Painless" scrawled on its hood, but no body has been found in the river […]
Hedge Fund Suicide
West Palm Beach (Hedge Co.Net)- Kirk Sean Wright, CEO of hedge fund International Management Associates of Atlanta hanged himself in a Union City jail cell Saturday night. Wright was convicted by a federal jury on 47 counts of mail fraud, […]
