Sunday, 31 August 2014
Last updated 1 day ago
Dec 19 2007 | 10:33am ET
A reputed mobster who led a phony hedge fund has been sentenced to seven years in prison for his role in a $20 million pump-and-dump scam.
John Baudanza, who ran American’s Hedge Fund in his hometown of Staten Island, N.Y.—in addition to his reputed role as a foot soldier in the Luchese crime family—was one of 10 alleged mobsters charged in the 11-year-long scam last March. In addition to prison time, he was order to pay $22,500 in restitution to his victims.
According to federal prosecutors, the scheme—a collaborative effort among the Bonanno, Colombo and Luchese crime families—added a classic mob twist, strong-arm tactics and intimidation, to a classic pump-and-dump scheme. The racketeering ring operated from 1994 until 2005, prosecutors said.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...