Tag Archives: lawyers
Hedge funds shut out as banks win IMO
Times Online – A group of banks that financed the £450 million leveraged buy-out (LBO) of car wash group IMO will take control of the struggling business leaving a rival group of hedge fund investors with nothing. In a High […]
Hedge Fund Indictment Says Cravath, Bryan Cave Were Duped
Law.com – Federal prosecutors Thursday unsealed an indictment charging the chief executive of what used to be one of the world’s largest investment funds with constructing elaborate tax shelters for some of his wealthiest clients. The executive, Jeffrey Greenstein, the […]
Seattle investment firm Quellos Group expected to be indicted in tax-evasion case Thursday
Seattle Times – Federal prosecutors are expected to unseal indictments Thursday in a massive tax-evasion investigation involving the Seattle investment firm Quellos Group, accusing its officers of operating offshore tax shelters used to hide hundreds of millions of dollars from […]
Argentina in contempt of court over defaulted sovereign bonds
MercoPress – US District Judge Thomas Griesa granted a contempt of court motion last week by bondholder Aurelius Capital Partners hedge fund, according to a transcript of a hearing in Manhattan federal court obtained over the weekend, reports Reuters. Lawyers […]
SEC lawyers probed for insider trading
Reuters – Two U.S. Securities and Exchange Commission enforcement lawyers are under investigation by federal criminal authorities for allegedly using insider information to trade stocks, a report by the SEC’s internal watchdog said. The Federal Bureau of Investigation and U.S. […]
VP Biden Hedge Fund Scandal: Why There’s Nothing Anyone Can Do To Prevent It
BNET – A hedge fund Ponzi scheme scandal is breaking in the blogosphere – and it goes right to the top of political power. A little while ago, blogger John Hempton, who writes Bronte Capital, a finance blog, started sniffing […]
Overstock.com Stalking Victim Exposes Creepy Hedge Fund
The press has been agog recently about Paradigm Capital, a fund-of-hedge-funds run by members of Joe Biden’s family, and its apparent connection with a hedge fund shut by the SEC called Ponta Negra. CJR’s Audit column has the full details […]
Lawyer in $700M fraud to plead guilty
New York Daily News – Marc Dreier will plead guilty to all charges stemming from the $700 million investment fraud he is accused of carrying out, his lawyer said Monday. Defense lawyer Gerald Shargel said Dreier will enter the plea […]
Lehman yields bonanza for the professionals
Times Online – Accountants and lawyers who are trying to sort out the European collapse of Lehman Brothers, the American investment bank, have charged more than £100million in fees in six months. The bonanza shows no sign of abating. PricewaterhouseCoopers […]
Samuel Israel Competent to Plead Guilty
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 […]
