Friday, 22 August 2014
Last updated 57 min ago
Sep 25 2012 | 1:53am ET
For the second time, a hedge fund manager charged with aiding the Thomas Petters Ponzi scheme has pleaded not guilty.
Arrowhead Capital Management founder James Fry entered his plea to new charged brought in July. Fry and Frank Vennes, Petters' chief fundraiser who also pleaded not guilty to the new charges earlier this month, face 31 counts of wire fraud, bank fraud, securities fraud, money laundering and making false statements.
Fry was first charged last July. According to prosecutors, he lied to investors about Petters' default on notes owned by Arrowhead and failed to tell clients about Vennes' criminal past. Arrowhead's chief financial officer pleaded guilty to playing a role in Petters' $3.65 billion fraud in April of last year.
Fry and Vennes are set to go on trial in February.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note