Halls of Justice

A former Ohio mayor was sentenced to four years in prison yesterday for running a hedge fund scam that cost his victims more than $150,000.

The first criminal mutual-fund market-timing case had made a former hedge fund broker the first to be sent up the river in the scandal that rocked the hedge fund and mutual fund worlds.

A Boston-area hedge fund and a former “rogue trader” have settled insider-trading charges, the Securities and Exchange Commission said yesterday.

The Securities and Exchange Commission has filed a settled civil action against Quogue Capital and Wayne Rothbaum, Quogue's managing member and owner.

The Securities and Exchange Commission has obtained an asset freeze and other emergency action to stop a $30 million hedge fund fraud allegedly perpetrated by San Diego-based Plus Money.

Kansas hedge fund Jayhawk Capital Management is going to court to preserve its good name.

The Securities and Exchange Commission has sued Laguna Hills, Calif.-based Safevest and its principals for allegedly running a Ponzi scheme and misappropriating investor funds.

When it comes to its hedge funds, no news is good news for Citigroup. Unfortunately for the financial giant, today, there is news.

If it looks like a $7 billion hedge fund with returns in excess of 1,800% on a compounded basis for the past 10 years, then it must be… a scam.

Canadian police are on the hunt for a man accused of defrauding investors of C$400,000 (US$395,000) in a hedge fund scam.