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Senate: Hedge Funds Used “Basket Options” To Dodge Taxes
Over a dozen hedge funds are accused of misusing a complex financial structure to claim billions of dollars in unjustified tax savings and to avoid leverage limits that protect the financial system...
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Barclays Capital Pays $15 Million For Compliance Failures After Acquiring...
Barclays Capital has agreed to pay a $15 million penalty and to undertake remedial measures after being charged by the Securities and Exchange Commission with failing to maintain an adequate internal...
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FBI Allege $311 Million Global Hedge Fund Fraud Scheme
New York (HedgeCo.Net) – Two business associates in the hedge fund management industry have been charged by the FBI with defrauding institutional investors and causing collective losses of more than...
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Former Citadel Employee Arrested for Theft of Hedge Fund Trade Secrets
- A young science engineer whippersnapper, Yihau Pu, also known as “Ben” has been sentenced to three years in federal prison, the Chicago Tribune reports. The prosecution said he “meticulously planned...
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FBI Raids Company With Link To Wolf Of Wall Street’s Danny Porush
FBI agents have raided a Florida medical device company run by Daniel M. Porush, who’s character inspired that of Donnie Azoff, in the movie Wolf Of Wall Street. An FBI spokesman said the agency is...
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Hedge Fund Manager Sentenced To 5 Years For Scamming Veterans, Retirees,...
A Louisiana hedge fund manager has been sentenced to sixty months’ imprisonment as a result of a mail fraud scheme in which he defrauded investors out of millions of dollars, the DOJ reports. Zachary...
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Hedge Fund Crime Ring Uncovered, A Dozen Criminals Brought to Justice
New York (HedgeCo.Net) – Nearly a dozen fraudsters who conspired to operate the $40 million Black Diamond hedge fund Ponzi scheme will be spending plenty of time behind bars after a joint effort by the...
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Couple Charged With Stealing $147 Million From Customers
After four weeks of trial, a federal jury in New York, returned guilty verdicts against Diane Kaylor and Jason Keryc, former employees of fictitious hedge fund Agape World, Inc. (Agape), on charges of...
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Hedge Fund Advisor BlackRock Settles With SEC For $12 Million
New York (HedgeCo.Net) – BlackRock Advisors LLC has agreed to settle SEC charges of failing to disclose a conflict of interest among its ranks and will pay a $12 million penalty. The hedge fund advisor...
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Married Couple Sentenced To Jail For Stealing $6.5 Million Through A...
. New York (HedgeCo.Net) – An Oklahoma husband and wife were handed prison sentences yesterday for stealing over $6.5 million from six victims who thought they were investing in a hedge fund. Linda...
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