{"id":4430,"date":"2006-05-16T00:00:00","date_gmt":"2006-05-16T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"investigators-search-for-hedge-fund-hk-diamonds","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2006\/investigators-search-for-hedge-fund-hk-diamonds.html","title":{"rendered":"Investigators Search for Hedge-fund HK Diamonds"},"content":{"rendered":"<p>  Diamonds.net &#8211; Financial investigators are trying to locate a stash of 100 diamonds bought in Hong Kong using money linked to a high-profile hedge-fund scandal in Canada.<\/p>\n<p>  The tangled web leading to the diamonds involves a Hong Kong diamond merchant, a Chinese woman with a Hong Kong identity card who made the purchase, and a Canadian hedge fund co-founder hiding in  Israel.<\/p>\n<p>  When the C$800 million Canadian hedge fund Portus Alternative Asset Management folded in 2005 following allegations that a co-founder misappropriated $95.4 million, it left 26,000 investors out of  pocket. The race was on to trace and recover the embezzled cash before it disappeared forever.<\/p>\n<p>  With all but $17.6 million recovered, investigators appointed to find the missing millions turned their attention to an $8.8 million diamond purchase conducted by Portus co-founder Boaz Manor in  Hong Kong.<br \/>  <a href=  \"http:\/\/www.google.com\/news\/url?sa=T&amp;ct=us\/2-0&amp;fd=R&amp;url=http:\/\/www.diamonds.net\/news\/newsitem.asp%3Fnum%3D14900%26type%3Dall%26topic%3Dall&amp;cid=1106556003&amp;ei=54NpROS-A6aIoAKmqumeBA\">  <\/a><\/p>\n<p>  <a href=  \"http:\/\/www.google.com\/news\/url?sa=T&amp;ct=us\/2-0&amp;fd=R&amp;url=http:\/\/www.diamonds.net\/news\/newsitem.asp%3Fnum%3D14900%26type%3Dall%26topic%3Dall&amp;cid=1106556003&amp;ei=54NpROS-A6aIoAKmqumeBA\">  Read Complete Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Diamonds.net &#8211; Financial investigators are trying to locate a stash of 100 diamonds bought in Hong Kong using money linked to a high-profile hedge-fund scandal in Canada. The tangled web leading to the diamonds involves a Hong Kong diamond merchant, [&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-4430","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4430","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=4430"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4430\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=4430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=4430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=4430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}