Tag Archives: mail-fraud


Former Florida Hedge Fund Manager Awaits Trial

New York (HedgeCo.Net) – Won Sok Lee will face a U.S. trial after fleeing for three years following the discovery of his bogus Florida hedge fund.  The KL Group allegedly defrauded about $200 million out of investors over the course […]

Madoff faces 150-year sentence after guilty plea

Hindustan Times – Bernard Madoff, whose $50-billion fraud devastated individual and institutional investors worldwide, could spend the rest of his life in prison after pleading guilty later this week. In a court hearing Tuesday, defence lawyer Ira Sorkin said that Madoff would […]

Lehman may force collapse of hedge funds

The Daily Deal – Lehman Brothers Holdings may have gone bankrupt eight weeks ago, but the filing continues to reverberate throughout the financial world and even in some unexpected places like the National Football League’s New York Giants. The latest to […]