Saturday, 30 August 2014
Last updated 1 day ago
Nov 28 2011 | 10:29am ET
A Knoxville, Tenn. man has been found guilty of running a fake hedge fund scheme while under house arrest for an earlier fraud conviction.
Jon Edward Hankins was sentenced last week to more than three years in prison for wire fraud by U.S. District Judge Amy Totenberg. Sentence was passed in Atlanta.
Prosecutors said Hankins was trying to lure investors into putting money into his fraudulent hedge fund while serving the home confinement portion of a federal prison sentence for securities fraud two years ago. The earlier scheme had involved a website, fake brochures and other documents.
Hankins claimed to manage over $100 million in two of his funds, but in reality managed nothing like that.
AP reports more than $200,000 was recovered and returned to victims.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...