Tag Archives: ponzi schemes


Texas Hedge Fund Manager Bilks $10.9 Million From 250 Investors

March 5, 2009 : Permalink

New York (HedgeCo.Net) – Hedge fund manager Ray M. White and his company, CRW Management, LP, have been charged today by the Commodity Futures Trading Commission of swindling at least $10.9 million from over 250 investors through an alleged Ponzi […]

Connecticut is Latest to Push for Increased Hedge Fund Legislation

February 24, 2009 : Permalink

New York (HedgeCo.Net) – Connecticut has long been a haven for the hedge fund industry; where light regulation and a dense population of ultra wealthy investors lure the most talented of hedge fund managers.  But if some state lawmakers have […]

SEC Commissioner Urges Greater Regulation of Hedge Funds

January 28, 2009 : Permalink

New York (HedgeCo.Net) – SEC Commissioner Luis Aguilar said his agency should be given the authority to regulate hedge funds after urging Congress “to close the glaring loopholes in securities regulation.” Aguilar, one of the agency’s five commissioners, is among […]

New York Exec Nailed for Alleged $400 Million Ponzi Scheme

January 27, 2009 : Permalink

New York (HedgeCo.Net) – Nicholas Cosmo, head of New York-based Agape World Inc., has been arrested for allegedly running a $400 million Ponzi scheme.  His company, which marketed commercial bridge loans, was not registered with the U.S. Securities and Exchange […]