The alleged mastermind of a hedge fund scam that defrauded churchgoers of some $7.5 million will have a long time to think about his sins.

A former hedge fund manager indicted for fraud is going to need a new roof over his head.

In matters of hedge fund fraud, the Marinos kept things in the family.

Matthew Marino, the brother of convicted Bayou Group fraudster Daniel Marino, pleaded guilty yesterday to charges that he helped cover up the $450 million fraud perpetrated against Bayou’s clients.

The Commodity Futures Trading Commission has sued Forward Investment Group of Santa Monica, Calif., and its sole manager, Robert Bame, accusing them of commodity pool fraud.

Hedge funds have run afoul of many a regulator, but it is not often that they find themselves under investigation by the Federal Communications Commission.

The Securities and Exchange Commission has amended its complaint against Wextrust Capital, its principals and four affiliated Wextrust entities, to include defendant Joseph Shereshevsky's wife, Elka.

Hedge fund manager Mark Boucher has settled a suit with the Securities and Exchange Commission that accused him of misleading investors in his real estate investments.

A San Francisco-based hedge fund manager who faced five days in the clink for illegally trimming trees at a state park adjacent to his vacation home has instead been sentenced to community service.

Sen. Joseph Biden (D-Del.), whose son and brother have been accused of defrauding partners in a hedge fund venture, has been tapped as the Democrats’ vice-presidential candidate.

New Jersey will be able to invest some pension money in alternative investments, after a court rejected a union bid to keep the money out of them.