Tag Archives: palm-beach
Hedge Fund Manager Acquires Long-only Fund Arm from Credit Suisse
West Palm Beach (HedgeCo.net) – Hedge fund manager, Aberdeen Asset Management PLC, has entered into an agreement with Credit Suisse to acquire their £40 billion ($58 billion) long-only asset management arm, making Aberdeen the the UK’s largest listed fund manager. Credit […]
NY hedge fund swindler going to medical facility
Newsday – A federal judge has ordered a detailed physical and mental health evaluation for hedge-fund swindler Samuel Israel III before deciding whether he’s competent to plead guilty for skipping out on prison. Judge Kenneth Karas accepted a joint recommendation […]
UPDATE-Airline Files For Chap.11 After Petters Arrest
West Palm Beach (HedgeCo.net) – Holiday airline Sun Country filed for bankruptcy yesterday, just 3 days after the arrest of investor Thomas Petters, founder of Petters Group Worldwide, the firm that owns Sun Country among other investments. Petters was charged […]
Former hedge fund manager Michael Lauer found guilty
A federal judge in Miami has found that former hedge fund manager Michael Lauer defrauded investors out of more than $500 million between 1999 and 2002. U.S. District Court Judge Kenneth A. Marra, in a 67-page order issued last week, […]
SEC advances pair of hedge fund cases
Forbes – A federal judge in Florida ruled Wednesday that the head of two hedge funds deceived investors about the funds’ holdings. Elsewhere, federal regulators accused a California investment adviser of making tainted recommendations to clients. In the Florida case, […]
Hedge fund founder barred from pleading
Boston Globe – A federal judge barred Samuel Israel, the convicted founder of hedge fund firm Bayou Group LLC, from entering a plea to bail jumping, saying his addiction to methadone may have impaired his judgment. A US judge cited […]
Paramount Financial Planners owner gets 40 months for fraud
Columbus Dispatch- The owner of a former Columbus financial company that lost more than $8.3million of investors’ money will pay for his crimes with 40 months in prison, a federal judge ruled today. Judge John D. Holschuh ordered the […]
Pasternak Cleared of SEC Trading-Fraud Allegations
Wall Street Journal- A federal judge said the Securities and Exchange Commission didn’t prove that former Knight Equity Markets chief Kenneth Pasternak defrauded the firm’s clients. In an oral opinion Thursday, U.S. District Court Judge Joel Pisano said that witness […]
Judge denies bail in hedge fund fraud case
Telegram.com – Convicted swindler Amit Mathur will remain in federal custody for the next three months, a federal judge ruled today. In denying Mr. Mathur’s bid to be released on bail until his sentencing, scheduled for Sept. 5, U.S. District […]
