Tag Archives: scam-artists
Palm Beach Hedge Fund Burned by Ponzi-Schemer Petters
New York (HedgeCo.Net) – South Florida-based hedge fund Palm Beach Finance Partners LP says it lost more than $1 billion to the company run by famed fraudster Tom Petters. Petters headed Minnesota-based Palm Beach Finance Holdings Inc. before being charged […]
Petters Files for Bankruptcy, Hedge Fund Seeks Answers
New York (HedgeCo.Net) – Petters Group Worldwide has filed for Chapter 11 bankruptcy protection after feds launched a probe into an alleged $3 billion scam that was said to be orchestrated by the founder. The subsidiary company under investigation is […]
SEC Targets Hedge Fund Swindler
New York (HedgeCo.Net) – The SEC has targeted hedge funders David Myatt and William Eichengreen, both of Directors Performance Fund, with charges of fraud. The two men allegedly took $25 million of their investment advisors money and put it into […]
