{"id":3476,"date":"2005-10-18T00:00:00","date_gmt":"2005-10-18T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"the-hedge-fund-and-the-coffee-shop","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2005\/the-hedge-fund-and-the-coffee-shop.html","title":{"rendered":"The Hedge Fund and the Coffee Shop"},"content":{"rendered":"<p>( <a href=\"http:\/\/www.businessweek.com\/\">www.businessweek.com<\/a> )&nbsp; The case of a Main Street broker who allegedly used money for a nonexistent hedge to support his side business will encouragecalls for regulatory oversight of the industry.<\/p>\n<p class=\"deck\">  Not all the hedge-fund scandals of late have involved complicated transactions and big players like Wood River (see BW Online, 10\/13\/05, <a href=  \"..\/bwdaily\/dnflash\/oct2005\/nf20051013_0910_db016.htm\">&#8220;Another Fishy Hedge Fund&#8221;<\/a>) and Refco (see BW Online, 10\/17\/05, <a href=\"..\/bwdaily\/dnflash\/oct2005\/nf20051017_2461_db016.htm\">&#8220;Refco&#8217;s  Painful Lesson for Investors&#8221;<\/a>). The Securities &amp; Exchange Commission has charged an Ohio stock broker with collecting millions of dollars for an apparently bogus hedge fund &#8212; and then  allegedly pouring those investors&#8217; money into his coffee shop and a local community center, where his wife worked.<\/p>\n<p class=\"deck\">  <a href=\"http:\/\/www.businessweek.com\/bwdaily\/dnflash\/oct2005\/nf20051018_4863_db016.htm\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>( www.businessweek.com )&nbsp; The case of a Main Street broker who allegedly used money for a nonexistent hedge to support his side business will encouragecalls for regulatory oversight of the industry. Not all the hedge-fund scandals of late have involved [&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":[],"class_list":["post-3476","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/3476","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=3476"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/3476\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=3476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=3476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=3476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}