Tag Archives: money-laundering
Hedge Fund Fraudster Faces Up To 10 Years
HedgeCo.net (West Palm Beach) – ‘Hedge fund operator’ Rod Stringer has pleaded guilty to money laundering in a $14 million Ponzi scheme, federal prosecutors say. He allegedly took money from 44 victims over 8 years, claiming to be "a day […]
Hedge Fund Managers In Bermuda To Register By June 30th
West Palm Beach (HedgeCo.net) – Two new legislations were introduced in Bermuda January 1, requiring regulated financial institutions to comply with various obligations under the recently updated legislative framework, according to Cayman Islands law firm Conyers Dill & Pearman. The […]
Florida Hedge Fund Fraudster Remains in Federal Custody
New York (HedgeCo.Net) – A former Florida hedge fund manager is being held without bail in a West Palm Beach prison after prosecutors convinced the judge he is a flight risk. Attorneys for Won-Sok Lee were seeking a continuance for […]
US lawyer pleads not guilty to money laundering
BusinessWeek – A prominent Manhattan lawyer accused of peddling $700 million in phony securities to hedge funds will likely forgo a trial and change his plea to guilty, his attorney told a judge Thursday. The defense announcement came at a […]
Paamco recruits KBC Alpha pan-Asian fund of hedge funds team
Hedge Week.com – Pacific Alternative Asset Management Company, an Irvine, California-based fund of hedge funds manager with USD9bn in assets has announced the recruitment of the investment team of KBC Alpha Asset Management, a USD700 million Asia-focused fund of hedge […]
