Monday, 22 December 2014
Last updated 2 hours ago
Dec 14 2011 | 8:47am ET
An Indiana hedge fund manager agreed to plead guilty to defrauding investors of more than $7 million.
Samex Partners founder Keenan Hauke struck a plea deal with federal prosecutors, agreeing to plead guilty to one count of securities fraud in exchange for a recommended prison sentence of no more than 17 years. The charge carries a maximum sentence of 25 years.
Hauke’s plea deal still requires a judge’s approval.
According to the case against Hauke, formally filed yesterday, Hauke both covered up huge losses suffered by Samex and diverted investor funds for his own use. Hauke’s misdeeds came to light earlier this year when a former Samex employee blew the whistle to state regulators. Shortly after, the Federal Bureau of Investigation began its own probe.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.