Hedge Fund Prober Joins Goldman Sachs

Mar 21 2011 | 6:53am ET

Goldman Sachs has hired a British fraud prosecutor who worked on the case of collapsed hedge fund Weavering Capital.

Kwadjo Adjepong is just one of several former Serious Fraud Office lawyers to leave the regulator as the U.K. prepares to introduce strict new anti-bribery legislation. The bribery proposal would subject British companies to prosecution if they lack sufficient compliance regimes, even if company officials know nothing of the bribe paid.

Adjepong was named a compliance vice president last month, Bloomberg News reports. U.S law firms Arnold & Porter, Covington & Burling, Skadden Arps Slate Meagher & Flom and White & Case have also added SFO veterans.

The SFO's probe into Weavering has continued. Authorities have already arrested the hedge fund's founder, Magnus Peterson, and one other person, in the nearly US$700 million fraud case.

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