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Law books and Gavel

Former investor relations consulting firm employee and hedge fund settle insider trading charges

Tue, 21/06/2011 - 10:00

The Honourable Jed S Rakoff of the United States District Court for the Southern District of New York entered a judgment against Defendant Shammara Hussain in SEC v. Feinblatt, 11-CV-0170, an insider trading case the SEC filed on January 10, 2011. The Judge also entered a stipulation and order of dismissal as to Defendant Trivium Capital Management LLC, a New York-based hedge fund investment adviser which has wound down its investment management business, in exchange for its agreement to cooperate and cease doing business. »

judgement hammer

Former Galleon portfolio manager settles SEC insider trading charges

Mon, 20/06/2011 - 12:02

The Honourable Jed S. Rakoff of the United States District Court for the Southern District of New York entered a judgment against Adam Smith in SEC v Adam Smith, 11-CV-0535, an insider trading case the SEC filed on January 26, 2011. »

Red no fraud sign

CFTC charges Cilli and Progressive Investment Funds over Ponzi scheme

Sun, 19/06/2011 - 12:43

The US Commodity Futures Trading Commission (CFTC) has charged Victor Eugene Cilli and his company, Progressive Investment Funds LLC (Progressive), both of Hackensack, NJ, with operating a commodity pool Ponzi scheme that defrauded at least four investors of approximately USD506,000. »

Red Circle No Fraud sign

Capital Blu Management, Donovan Davis Jr, Damien Bromfield, Blayne Davis and DD International Holdings, to pay more than USD17m for fraud

Sun, 19/06/2011 - 12:23

The Honorable Judge John Antoon II of the U.S. District Court for the Middle District of Florida has ordered Capital Blu Management, LLC (Capital Blu) of Melbourne, Fla., Donovan Davis Jr. of Palm Bay, Fla., Damien Bromfield of Ocoee, Fla., Blayne Davis of Naples, Fla., and DD International Holdings, LLC (DDIH) of Palm Bay, Fla., jointly and severally to pay restitution of USD2,463,592.12. Judge Antoon ordered Bromfield and Blayne Davis each to pay a civil monetary penalty of USD4,927,184.24 and ordered Donovan Davis Jr. and DDIH jointly and severally to pay a civil monetary penalty of the same amount. »

Orange fraud sign with magnifying glass

SEC charges Seattle-area investment adviser over undisclosed cash payments

Thu, 16/06/2011 - 14:17

The Securities and Exchange Commission has brought fraud charges against Bainbridge Island, Washington, hedge fund manager Pegasus Investment Management LLC (PIM) for failing to disclose to fund investors its receipt of cash payments from a third party.  »

No Scam Sign

Former Lanexa Management MD Thomas C Hardin settles SEC insider trading charges

Wed, 15/06/2011 - 17:40

The Securities and Exchange Commission has announced that on 25 April, 2011, The Honorable Richard J Sullivan of the United States District Court for the Southern District of New York, entered a judgment against Thomas C Hardin in SEC v Lanexa Management LLC and Thomas C Hardin, 10-CV-8599, an insider trading case the SEC filed on November 12, 2010. »

Judgement hammer

SEC obtains summary judgment against defendants in fraudulent investment scheme

Wed, 15/06/2011 - 12:56

The Securities and Exchange Commission announced today that on June 6, 2011, the Honorable Dale A. Kimball of the United States District Court for the District of Utah granted the SEC’s motion for summary judgment and entered final judgment against defendants Brian J Smart of Lehi, Utah, and his company Smart Assets, LLC. »

Hand cuffs and money

Hedge fund manager of A&O Entities convicted in USD100m fraud scheme

Mon, 13/06/2011 - 12:00

Adley H Abdulwahab, 35, of Houston, has been convicted by a federal jury for his role in a USD100 million fraud scheme with more than 800 victims across the United States and Canada. »

Orange fraud sign with magnifying glass

SEC charges longtime Madoff employee with fraud

Tue, 07/06/2011 - 13:38

The Securities and Exchange Commission has charged Eric Lipkin, a longtime employee at Bernard L Madoff Investment Securities LLC (BMIS), with helping Bernard L Madoff and his firm deceive and defraud investors and regulators about the massive Ponzi scheme. »

Orange Fraud sign with magnifying glass

Raleigh Capital Management to pay more than USD4m over misappropriation and making false NFA statements

Thu, 02/06/2011 - 11:47

The US Commodity Futures Trading Commission (CFTC) has obtained a federal court order requiring defendants Richmond Hamilton, Jr, and Raleigh Capital Management, Inc (RCM), a Chicago-based registered commodity pool operator, to pay jointly and severally a USD3,015,000 civil monetary penalty. The order also requires Hamilton to pay restitution of USD1,005,000. »

Orange FRAUD sign with magnifying glass

Richard D Theye to pay more than USD6.2m for defrauding investors in a multi-million dollar Ponzi scheme

Mon, 30/05/2011 - 17:00

The US Commodity Futures Trading Commission (CFTC) has obtained a federal default judgment order requiring defendant Richard D.Theye of Austin, Texas, to pay more than USD6.2 million in restitution and civil monetary penalties for operating a commodity pool Ponzi scheme. »

Lawsuit books

Court enters final judgement against Easy Equity Asset Management

Mon, 23/05/2011 - 12:00

The United States District Court for the Central District of California has granted the SEC's motion for default judgment and entered a Final Judgment against defendants Easy Equity Asset Management, Inc, Easy Equity Management, LP, Easy Equity Partners, LP, Alero Equities The Real Estate Company, LLC, and Alero IX Corporation (collectively, Easy Equity) in a pending civil action. »

Judgement hammer

NFA levies USD500,000 fine against Vision Financial Markets LLC

Sun, 22/05/2011 - 16:00

National Futures Association (NFA) has levied a fine of USD500,000 against Vision Financial Markets LLC (Vision). Vision is a Futures Commission Merchant and Commodity Pool Operator with headquarters in New York City and branch offices in Chicago, Illinois and Stamford, Connecticut. »

orange fraud sign with magnifying glass

CFTC charges American Precious Metals and principals Goldman and Tanner, Jr, with Fraud

Thu, 19/05/2011 - 16:00

The US Commodity Futures Trading Commission (CFTC) has charged precious metals firm American Precious Metals, LLC (APM) of Deerfield Beach, Florida, and its founders and principals, Sammy J Goldman of Delray Beach, Florida, and Harry Robert Tanner, Jr.of Lake Worth, Florida, with fraud in connection with offering, purchasing, selling or delivering gold, silver, platinum and palladium to US retail customers on a leveraged basis. »

Dollar notes frozen in a block of ice

SEC freezes assets of fraudulent San Diego day-trading scheme

Wed, 18/05/2011 - 10:00

The Securities and Exchange Commission has filed an emergency enforcement action to halt a fraudulent scheme being conducted by John Clement of Encinitas, California, and his company Edgefund Capital LLC. »

Red Circle with line through, No Fraud sign

SEC charges Connecticut-based hedge fund manager in Ponzi scheme

Tue, 17/05/2011 - 11:46

The Securities and Exchange Commission (SEC) has charged Highview Point Partners, a Connecticut-based investment adviser, with engaging in a multi-year Ponzi scheme involving hundreds of millions of dollars. Highview was added as a defendant to a case the SEC previously filed in January 2011, and three hedge funds managed by Highview were named as relief defendants because, according to the SEC’s charges, they are in possession of funds tainted by the Ponzi scheme. »

Orange fraud sign with magnifying glass

SEC halts fraudulent day-trading scheme targeting senior citizens

Mon, 09/05/2011 - 06:00

The Securities and Exchange Commission has obtained an emergency asset freeze and court order to halt an ongoing securities fraud being orchestrated by Robert C Butler of Bermuda Dunes, Calif. »

Orange fraud sign with magnifying glass

CFTC charges Groendyke with operating a foreign currency Ponzi scheme

Thu, 05/05/2011 - 13:19

The US Commodity Futures Trading Commission (CFTC) has filed an enforcement action charging Jeffrey L Groendyke of Middleville, Michigan, doing business as JG Forex Fund (JGF), with fraud and misappropriation in connection with an off-exchange foreign currency (forex) Ponzi scheme that defrauded at least 54 customers of at least USD953,305 since May 2010. Groendyke has never been registered with the CFTC in any capacity. »

Orange fraud sign with magnifying glass

Howard Winell and Winell Associates fined USD5.2m for fraud

Tue, 03/05/2011 - 13:10

The US Commodity Futures Trading Commission (CFTC) has filed and simultaneously settled charges against Howard Winell, Winell Associates, Inc and Maxie Partners GP over unauthorised trading and misappropriating funds in connection with operating a commodity futures and options pool. »

Orange FRAUD sign with magnifying glass

SEC halts fraudulent Beverley Hills hedge fund and wealth management business

Wed, 27/04/2011 - 06:00

The Securities and Exchange Commission has obtained an emergency court order to shut down a Beverly Hills, California hedge fund and wealth management business targeting retirees, university professors, and members of the Christian community. »

Brian Kim, Liquid Capital

Kim and Liquid Capital Management, to pay more than USD12m in restitution and monetary sanctions for commodity pool fraud

Tue, 26/04/2011 - 14:00

The US Commodity Futures Trading Commission (CFTC) on April 15, 2011, obtained a federal court order imposing more than USD12 million in restitution and civil monetary penalties on defendants Brian Kim and his company, Liquid Capital Management, LLC (LCM), for fraud in connection with the operation of a commodity pool. »

No scam sign, Red circle with line through the word Scam

Receiver makes USD792m initial distribution to investors in USD1.3bn Ponzi scam

Tue, 26/04/2011 - 12:00

The US Commodity Futures Trading Commission (CFTC), based on an order entered on March 21, 2011, by the US District Court for Southern District of New York (SDNY), the court-appointed Receiver, Robb Evans & Associates, LLC, has begun an initial distribution of approximately USD792 million to investors in a commodity pool operated by CFTC defendants Paul Greenwood and Stephen Walsh, who, among other defendants, were charged by the CFTC in 2009 with operating a USD1.3 billion investment Ponzi scam. This constitutes a distribution of nearly 85 per cent of approved claims to investors. »

Barred sign, red circle with red line through

SEC charges former hedge fund portfolio manager with insider trading

Thu, 21/04/2011 - 06:00

The Securities and Exchange Commission has charged a former hedge fund portfolio manager with insider trading in a bio-pharmaceutical company based on confidential information about negative results of the company’s clinical drug trial. »

Orange FRAUD sign with magnifying glass

CFTC charges Parrilla and Green Tree Capital over fraudulent forex scheme

Sun, 17/04/2011 - 17:00

The US Commodity Futures Trading Commission (CFTC) has charged Lyndon Lydell Parrilla and his company, Green Tree Capital, both of Woodland Hills, California, with operating a fraudulent multi-million dollar foreign exchange (forex) scheme since at least 2009. »

orange Fraud sign with magnifying glass

CFTC settles charges against Kuen Cheol Song for illegal, fictitious trading scheme

Thu, 14/04/2011 - 10:00

The US Commodity Futures Trading Commission (CFTC) has obtained USD615,000 in disgorgement and a civil monetary penalty in a federal court consent order against defendant Kuen Cheol Song, who resided in Singapore during the relevant time period, for engaging in an illegal, fictitious trading scheme. Song has never been registered with the CFTC. »

No Fraud sign, red circle with red line through the word FRAUD

CFTC and State of California charge The Trade Tech Institute over CTA fraud

Wed, 23/03/2011 - 11:32

The US Commodity Futures Trading Commission (CFTC) has announced that a federal court in Los Angeles entered a restraining order against defendants The Trade Tech Institute, Inc (Trade Tech), Technology Trading International, Inc (Tech Trading), Robert Sorchini and Richard Carter, freezing defendants’ assets, prohibiting the destruction or alteration of their books and records and requiring defendants to provide an accounting of all funds and assets under their control. »

Law books and gavel

CFTC charges Jeremy M Globe and GlobeFX Club, Inc, with making false statements to the NFA

Wed, 23/03/2011 - 06:00

The US Commodity Futures Trading Commission (CFTC) has filed an enforcement action charging defendants Jeremy Munson Globe and GlobeFX Club, Inc (GFC), both of Homestead, Florida., with making false, fictitious or fraudulent statements or omissions to the National Futures Association (NFA) during an NFA investigation and audit. Both Globe, a principal of GFC, and GFC were registered with the CFTC during the period covered by the NFA audit. On October 1, 2009, NFA permanently barred GFC from NFA membership. »

pile of Lawsuit books

CFTC charges Florida couple and Queen Shoals Consultants over USD1.44m florex fraud

Mon, 21/03/2011 - 16:13

The US Commodity Futures Trading Commission (CFTC) has charged Gary D Martin and his wife, Brenda K Martin of St. Augustine, Fla. (collectively, the Martins), and their company, Queen Shoals Consultants, LLC (QSC), of Charlotte, NC, with defrauding customers of more than USD1.44 million through a retail foreign currency (forex) trading scheme. None of the defendants has ever been registered with the CFTC. »

The word FRAUD with a magnifying glass

CFTC charges Alan James Watson, Michael S. Potts and Cash Flow Financial LLC over USD45m Commodity Pool Ponzi Scheme

Wed, 16/03/2011 - 12:07

The US Commodity Futures Trading Commission (CFTC) has filled a complaint in the US District Court for the Eastern District of Michigan charging defendants Alan James Watson and Cash Flow Financial LLC (CFF), both of Clinton Township, Mich, and Michael S Potts of Mountville, Pa, with fraudulently soliciting and accepting at least USD45 million from more than 600 individuals and entities to participate in a commodity pool to trade commodity futures contracts and securities. None of the defendants has ever been registered with the CFTC. »

The word FRAUD with a magnifying glass

Dennis Todd Hagemann and Yellowstone Partners to pay more than USD1.6m over forex Ponzi scheme

Sun, 13/03/2011 - 13:28

The US Commodity Futures Trading Commission (CFTC) has obtained a federal default judgment order requiring defendants Dennis Todd Hagemann and his company, Yellowstone Partners, Inc (Yellowstone), both of Raleigh, NC, to pay more than USD1.6 million in restitution and civil monetary penalties for defrauding investors in a foreign currency (forex) Ponzi scheme. »

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In an extract from the Preqin Special Report: Asia-Pacific Hedge Funds, we provide an overview of the industry in Asia-Pacific, covering assets under management as well as key locations, strategies, fund structures and more.  ... »

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up arrow

Assets under management for sovereign wealth funds globally reach USD6.31tn as of March 2015, increasing by more than USD900bn over the past 18 months. This information has been revealed in the 2015 Preqin Sovereign Wealth Fund Review, a comprehensive guide to these influential investors. ... »

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Hedgeweek Global Awards 2015 – The Winners

Read the complete list of Winners and profiles at the sixth edition of the Hedgeweek Awards, presented in London's Mayfair and sponsored by Morgan Stanley, which brought together the leading names in the global hedge funds industry to celebrate the achievements of the best performing managers and service providers in 2014... »

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As revealed in this Hedgeweek Special Report sponsored by eVestment, the data, analytics and market intelligence provider to the institutional investment community, experts agree that investing in hedge funds represents a good way for institutions to access manager skill, which is key in constructing a diversified portfolio to achieve risk and return targets. ... »

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