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.


In Depth

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note