Sunday, 29 March 2015
Last updated 1 day ago
May 15 2012 | 12:23pm ET
A New Jersey woman has been arrested for selling access to a George Soros hedge fund, access she allegedly did not have.
Dunya Predovan actually ran a Ponzi scheme, prosecutors said, collecting about $450,000 from investors from 2005 until late last year. She was arrested last week on charges of theft by deception and issuing bad checks, and is being held on $100,000 bond.
Predovan told her alleged victims that she worked for Soros in the 1980s. But Soros Fund Management says she never worked there, and Soros himself told the authorities that he had never heard of Predovan or the hedge fund she was marketing.
None of Predovan's "clients" have received any money, prosecutors said.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…