Tuesday, 30 September 2014
Last updated 31 min ago
Oct 31 2008 | 10:27am ET
A Virginia commodity pool operator has been found guilty of defrauding investors. Ted James Johnson, of Pearisburg, was convicted of 37 counts following a three week trial for running an illegal commodity pool.
Johnson was found guilty of embezzling commodity pool funds, acting as an unregistered commodity pool operator, and other criminal counts, including mail fraud, wire fraud, money laundering and securities fraud.
In July 2007, Johnson and his partner, Frank Graham Farrier, were charged in connection with a multi-million dollar Ponzi scheme related to commodity futures. Earlier this month, Farrier pleaded guilty to mail fraud, conspiracy to launder money, securities fraud and being an unregistered commodity pool operator, and agreed to forfeiture of his assets.
The maximum penalty faced by Johnson and Farrier is 85 years imprisonment and a fine of more than $4.5 million.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...