Tag Archives: swindler
Swindler pays for faking death
The London Free Press – A hedge-fund swindler who faked his own death in an effort to skip out on a 20-year prison term was sentenced yesterday to two extra years. Federal Judge Kenneth Karas said Samuel Israel III was […]
Lawyer Marc Dreier sentenced to 20 years in prison for $700M hedge fund swindle
New York Daily News – Park Avenue lawyer Marc Dreier was sentenced to 20 years in prison Monday by a judge who scolded prosecutors for wanting to jail him for as long as Ponzi swindler Bernard Madoff. "Is the government serious […]
Stock futures flat ahead of Madoff sentencing
Reuters – Dow Jones futures dipped 0.1 percent, S&P 500 futures were down 0.01 percent while Nasdaq futures traded 0.02 percent higher on Monday morning at 4:45 a.m. EDT, pointing to a flat opening for Wall Street’s main equity indexes. […]
Man linked to Madoff to yield control of funds
Denver Post – J. Ezra Merkin, a hedge-fund manager who invested billions of dollars of clients’ money with swindler Bernard Madoff, has agreed to relinquish control of his funds to court-appointed trustees. The attorney general’s office had requested the move […]
MassMutual unit told to return funds from Madoff
Boston Globe – The trustee in the bankruptcy case of swindler Bernard L. Madoff has told a hedge fund business owned by Massachusetts Mutual Life Insurance Co. to return money that it received from Madoff over the past six years. […]
Fund firm behavior faces state scrutiny
Boston Globe – Secretary of State William F. Galvin is investigating Massachusetts Mutual Life Insurance Co.’s relationship with a hedge fund operation that lost $3.3 billion to admitted swindler Bernard L. Madoff. Galvin, who oversees the state Securities Division, said […]
US Town Claws Back £17m Of Madoff Assets
Sky News – A US town has edged closer towards clawing back its losses to Wall Street swindler Bernard Madoff, securing a court order for £17m in assets. The town of Fairfield in Connecticut suffered losses of about £28m from […]
Hedge fund manager Fairfield Greenwich charged over Madoff fraud
Times Online – Fairfield Greenwich, the hedge fund manager founded by socialite Walter Noel, became the first fund that invested with disgraced fund manager Bernard Madoff to be charged with fraud. William Galvin, Massachusett’s Secretary of State, today accused the […]
U.S. Fund Swindler Pleads Guilty to Jumping Bail
Reuters – Jailed Bayou hedge fund swindler Samuel Israel pleaded guilty on Monday to jumping bail in an episode in which he faked his own suicide last year in an attempt to avoid going to prison. Israel’s plea had been […]
Judge extends freeze on Nadel
Herald Tribune – A federal judge extended a freeze on the assets of Sarasota’s Arthur G. Nadel on Tuesday, but failed to include other partners — a measure some investors with the accused hedge fund swindler have been pushing for […]
Lehman judge, James Peck, charged with hitting wife gets lawyer
New York Daily News – A federal judge charged with slapping his wife hired a big shot defense attorney as he faces a misdemeanor charge that could land him in the clink. James Peck, 63, the bankruptcy judge overseeing the […]
Hedge funds suffer losses but beat markets
Reuters UK – Hedge funds suffered their worst full-year loss ever in 2008 but their decline was still less steep than the 38 percent drop for the average stock mutual fund, data released on Thursday showed. The average hedge fund […]
