Tag Archives: ponzi
Lewis: Most alleged Ponzis won’t get carded
Denver Post – Topps Co. will feature Charlie Ponzi and Bernie Madoff in a series of trading cards due out on June, covering the "world’s biggest hoaxes, hoodwinks and bamboozles." Unfortunately, scores of lesser Ponzi schemers will never stack in […]
Inquiry started of financier who invested with Madoff
International Herald Tribune – J. Ezra Merkin, a New York financier, wrote his investors last month that he too was shocked by the news that Bernard Madoff’s hedge fund was an elaborate Ponzi scheme. But not everyone sees him as a […]
Cerberus Hedge Fund Caps Withdrawals After Loss
New York (HedgeCo.Net) – Stephen Feinberg’s Cerberus Capital Management has followed in the footsteps of many faltering hedge funds this year, limiting client redemptions in one of its funds after investors moved to withdrawal 16.5 percent of their capital, according […]
UBP wants independent hedge fund administrators
Reuters – Swiss private bank Union Bancaire Privee (UBP) may pull client money out of hedge funds unless they set up independent administrators, the Financial Times said on Wednesday. The Geneva-based bank, one of the world’s largest investors in hedge […]
