Thursday, 18 September 2014
Last updated 15 hours ago
Jun 7 2007 | 11:22am ET
Mark Conway, who duped investors out of some $20 million via his market-timing shop Groundswell Partners, was sentenced to seven years in prison last month, according to the Securities and Exchange Commission.
Last October, Conway pleaded guilty to 13 counts of mail and wire fraud in connection with a scheme in which he defrauded approximately 50 investors.
Conway’s seven-year stint in the big house is to be followed by three years of supervised release, a $1,300 special assessment fine and payment of restitution in the amount of $20 million.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.