Friday, 19 September 2014
Last updated 2 hours ago
Jul 2 2007 | 9:10am ET
Lest anyone thought that the Bayou Group defrauded only its clients, a former investment adviser for the defunct hedge fund has admitted to swindling the federal government.
Burt Kozloff pleaded guilty to income tax evasion last week in White Plains, N.Y., federal court.
Between 1997 and 2000, Kozloff acknowledged earning some $3.5 million for his work at investment advisory Select Advisors—years during which he failed to file timely returns. He also admitted to misleading his accountant into filing false information with the Internal Revenue Service and lying to the IRS about payments he claimed to have made.
Kozloff will be sentenced on Oct. 1. He faces up to five years in prison and a $250,000 fine.
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.