Ernst & Young Sued Over Perot Hedge Fund Collapse

Aug 27 2010 | 10:50am ET

Investors in a hedge fund managed by former presidential candidate H. Ross Perot’s family office have sued its accountants, accusing them of helping Parkcentral Capital Management defraud them.

The lawsuit alleges that Ernst & Young “facilitated, assisted in and participated in” the fund’s fraud. A lawyer for the investors said that Parkcentral’s “audited financial statements never once warned Parkcentral’s investors of their impending doom.”


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Publisher's Note

    Hedge Funds Care Gala Raises $2 Million For Charity

    Mar 10 2014 | 11:33am ET

    A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…