{"id":36795,"date":"2013-07-17T10:20:15","date_gmt":"2013-07-17T14:20:15","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=36795"},"modified":"2013-07-17T10:20:15","modified_gmt":"2013-07-17T14:20:15","slug":"hedge-fund-exec-testifies-in-nyc-case","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2013\/hedge-fund-exec-testifies-in-nyc-case.html","title":{"rendered":"Hedge Fund Exec Testifies in NYC Case"},"content":{"rendered":"<p>ABC News &#8211; A former hedge fund executive testified Tuesday at a New York securities fraud trial that the fund purposely bet against investments tied to high-risk mortgages as the housing market teetered on the edge of a meltdown \u2014 a strategy that the Securities and Exchange Commission says allowed the fund to make $1 billion.<\/p>\n<p>Paolo Pellegrini, formerly of Paulson &amp; Co. Inc., was called to the witness stand in the SEC civil case against Fabrice Tourre, a former Goldman Sachs trader accused of misleading other investors who lost a fortune by betting that the same investments would rise in value.<\/p>\n<p><a href=\"http:\/\/abcnews.go.com\/US\/wireStory\/hedge-fund-exec-testifies-nyc-case-19683043#.UeamzI3VASg\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ABC News &#8211; A former hedge fund executive testified Tuesday at a New York securities fraud trial that the fund purposely bet against investments tied to high-risk mortgages as the housing market teetered on the edge of a meltdown \u2014 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-36795","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/36795","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=36795"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/36795\/revisions"}],"predecessor-version":[{"id":36796,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/36795\/revisions\/36796"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=36795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=36795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=36795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}