{"id":10834,"date":"2009-06-17T00:00:00","date_gmt":"2009-06-17T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"chicago-hedge-fund-manager-indicted","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2009\/chicago-hedge-fund-manager-indicted.html","title":{"rendered":"Chicago Hedge Fund Manager Indicted"},"content":{"rendered":"<p>New York Times &#8211; The managing director of a collapsed Chicago hedge fund, Lake Shore Asset Management, was indicted by a federal grand jury. Prosecutors say the director, Philip J. Baker, operated a $300 million fraud.<\/p>\n<p>The 27-count indictment was unsealed on Monday, said Patrick J. Fitzgerald, a United States attorney, in a statement on Tuesday. An arrest warrant has been issued for Mr. Baker, but his whereabouts are unknown, Mr. Fitzgerald said.<\/p>\n<p>The Commodity Futures Trading Commission accused Mr. Baker in a civil lawsuit last year of having defrauded at least 700 investors by hiding trading losses. The commission won court orders banning Lake Shore from commodities trading.<\/p>\n<p>Mr. Baker said that Lake Shore had a long history of trading success, though it lost about $38 million from 2002 to 2007, according to the indictment.<\/p>\n<p><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.nytimes.com\/2009\/06\/17\/business\/17hedge.html%3Fref%3Dbusiness\">Read Complete Article<\/a><!--Session data--><\/p>\n<div \/>\n","protected":false},"excerpt":{"rendered":"<p>New York Times &#8211; The managing director of a collapsed Chicago hedge fund, Lake Shore Asset Management, was indicted by a federal grand jury. Prosecutors say the director, Philip J. Baker, operated a $300 million fraud. The 27-count indictment was [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[13156,249,13155,686,207,7860,540,9374,6118,797,1485,11148,13158,5369,13157,4291,13154,539,952,13159],"class_list":["post-10834","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-arrest-warrant","tag-asset-management","tag-banning-lake","tag-civil-lawsuit","tag-commodities","tag-commodity-futures-trading","tag-commodity-futures-trading-commission","tag-count-indictment","tag-federal-grand-jury","tag-fraud","tag-futures-trading-commission","tag-hedge-fund","tag-lake-shore","tag-managing-director","tag-mr-baker","tag-new-york-times","tag-patrick-j-fitzgerald","tag-prosecutors","tag-trading-losses","tag-united-states-attorney"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10834","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10834"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10834\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}