Accused Hedge Fund Fraudster Ordered To Pay $300M
Aug 20 2008 | 11:10am ET
Accused hedge fund fraudster Paul Eustace and his collapsed shop have been ordered to pay almost $300 million in restitution and fines for swindling investors out about $200 million.
Eustace consented to a federal court order than he pay $279 million in restitution and $12 million in fines, the Commodity Futures Trading Commission, which brought the charges, said.
More News
- Mid-sized FoFs Saw AUM Rise In 2011
- Compliance Software-Maker HedgeOp Merges With IMS Group
- London’s Alvine Capital Taps Dahl For Client Relations
- Goldman Vet Bishop Joins Infrastructure Investor Alinda
- Astenbeck Loses 3.8%, First Loss For Manager In 14 Years
- Ex-Bear Stearns Hedge Fund Managers, SEC Strike Deal
- York Posts Gains In Jan.
- Investors Stick With Hedge Funds In Jan.
- Hedge Fund Lobby Warns Over 'Third Country' Rules
- Nadel Receiver Sues Wells Fargo
- Madoff Trustee Fights Mets Dismissal Request
- Valiant's Hansen, Seattle Team Up For Basketball In City
- SAC's Cohen Among Dodgers Finalists; Second Bid Due This Month
- Thaddeus Capital Closes, Returns Money To Clients
Hedge Fund Manager Arrested For Insider-Trading
In Depth
Q&A: Symphony Financial's Baran Talks Investing In Japan
Feb 9 2012 | 6:46am ET
David Baran is co-founder of Tokyo and Singapore-based Symphony Financial Partners...
Lifestyle
Claren Road's Fahey Faces Celebrity Uproar Over Planned Malibu Home
Feb 2 2012 | 2:37am ET
Claren Road Asset Management co-founder Sean Fahey isn't doing much to endear...
Guest Contributor
The S.E.C. Says the Game Has Changed, And So Must Senior Management
Feb 2 2012 | 6:15am ET
On January 31, the SEC held an all-day conference to deliver a clear message: CEOs...
Upcoming Events
Most Popular
Service Providers
Publisher's Note
Occupy GAIM Fizzles
Jan 23 2012 | 11:26am ET
South Florida’s version of Occupy Wall Street—Occupy Palm Beach Country—is staging what I’ve been told is a less-than-impressive protest outside the GAIM conference site. Read more…
- Follow Us
- Send us News Tips!
2006-2012 FINalternatives is an information service of Stone Street Media, LLC.