Friday, 26 December 2014
Last updated 2 days ago
Sep 21 2012 | 12:23pm ET
A father-son fraudster duo has pleaded guilty to pretending to be Paulson & Co.
John and Jeffrey Fowler pleaded guilty to conspiracy to commit mail fraud and wire fraud this week. The two set up a Florida corporation two years ago called—you guessed it—Paulson & Co. Inc.—and raised more than $4 million, claiming to be an affiliate of the real Paulson and promising to invest the money in a good futures program run by the prominent hedge fund, Forbes reports.
Of course, the Fowlers had nothing at all to do with the real Paulson, and simply spent the money raised on themselves. The scam went sour in November of last year.
Father John faces up to 20 years in prison. His son faces up to five.
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.