Canadian Hedge Fundâs Founders Charged With Fraud
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The founders of Portus Alternative Asset Management were charged with multiple counts of fraud and money laundering, among others.
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Investors in Bear Stearns Cos.  hedge funds that were virtually wiped out from large bets on risky mortgages are planning to sue the company as early as Monday, television channel CNBC reported on Friday.
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Securities regulators sued two former financial advisers at Morgan Stanley  on Friday for defrauding about 50 mutual fund companies by hiding certain hedge fund trades worth billions of dollars.
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Eight former executives of Peregrine Software have been charged with conspiracy to commit fraud. An external Arthur Andersen auditor and two business partners of Peregrine face the same charges.
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Three men with close ties to US House Majority Leader Tom DeLay were indicted on Tuesday along with eight companies for illegal fund-raising activities in a political
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A Canadian man who helped create Neteller, a company to process Internet gambling transactions, pleaded guilty yesterday to a federal conspiracy charge, about two weeks after another founder of the company entered a guilty plea.
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NEW YORK, Sept. 25 -- A former hedge fund manager has been charged with criminal insider trading for allegedly profiting from confidential information she had received from Arlington investment firm Friedman Billings Ramsey Group Inc.
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The Ontario Securities Commission warned four mutual fund firms including CI Fund Management Inc. and AGF Funds Inc. they may face enforcement action in a probe of improper trading in the C$475 billion ($368 billion) industry.
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H&amp;R Block Inc.&#39;s (HRB.N: Quote, Profile, Research) financial advisors unit was charged with fraud by the NASD for misrepresenting the risks to investors of bonds from Enron Corp.
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The US Securities and Exchange Commission has filed fraud charges against Canadian-born Conrad Black, the former chairman and CEO of Hollinger International, accusing him of &quot;cheating and defrauding shareholders.
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U.S. prosecutors charged a former Pakistani banker with securities fraud on Tuesday, saying he made nearly $8 million in illegal profits after getting insider information on pending merger deals from a former Credit Suisse investment banker.
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Heavy redemptions from investors concerned about their holdings of subprime mortgage securities claimed the Galena Street Fund of the Braddock Financial Corporation as the latest hedge fund victim.
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A former Credit Suisse banker and a Pakistani financier are accused of conspiring to make illegal trades related to nine buyouts in which the bank was an adviser.
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Everybody's getting into hedge funds, including Bill Galvin. The Massachusetts secretary of state, who also happens to be the state's top securities regulator, clearly had the hedge-fund industry in his sights at the start of this year. He began investigating a so-called hedge-fund hotel run in downtown Boston by brokerage giant UBS AG right away. Now Galvin has filed charges ...
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A founder of several Bayou Management hedge funds was sentenced to more than four years in prison Tuesday for a scheme to defraud investors. Judge Colleen McMahon in Federal District Court in Manhattan sentenced James G. Marquez, 59, to 51 months in prison, to be followed by two years of supervised release. He also was ordered [...].
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Federal prosecutors today unsealed criminal charges against more than a dozen people -- including former executives at three of Wall Street's elite investment banks and traders at prominent hedge funds -- for engaging in thousands of improper trades in a pair of wide-ranging schemes.
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The $80 million penalties against the founders of Pilgrim Baxter are the largest imposed on individuals since investigations began last fall into improper trading at some mutual fund companies.