The U.S. District Court in Boston last week issued a preliminary injunction against a Boston-based hedge fund adviser and its principals that continues a freeze of the firm’s assets, according to the Securities and Exchange Commission.
The Securities and Exchange Commission has settled an administrative proceeding against Zurich Capital Markets for its role in financing hedge funds engaged in mutual fund market-timing.
It’s the futures version of Bonnie & Clyde: Husband and wife team Monica and Brian Main of Valencia, Calif., allegedly posed as trading advisors and fleeced investors out of $3 million, according to the Commodities Futures Trading Commission.
The founder of hedge fund Anchor Point Capital could be out of jail as early as next week, a judge has said, if he gets treatment for bipolar disorder.
Hakan Yalincak, the former New York University student whose primary extracurricular activity was running a hedge fund scam, says he needs more time before going to prison for a three-and-a-half year term.
Another day brings another “alleged” crooked investment manager—this time a commodities trading advisor.The Commodity Futures Trading Commission recently filed a complaint against Albert Parish, Jr. of Summerville, South Carolina for shamelessly inflating his firm’s assets under management.
Convicted felons find all sorts of new revelations in prison and U.S. District Court Judge Janet Bond Arterton expects one young hedge fund fraudster to find his “moral compass.”
Fresh off a three-year stint in prison for a previous hedge fund scam, Alexsander Efrosman of Staten Island, N.Y., finds himself in trouble with authorities again.
Crude oil has broken through levels not seen since 2014 and it appears to be entering a new phase, ending the downward super cycle that took crude from above $100 per barrel to under $30, and entering a phase where both supply and demand are expected to grow.