Saturday, 20 December 2014
Last updated 1 day ago
Nov 28 2006 | 10:59am ET
Evan Misshula, the fraudster behind the hilariously-named bogus hedge fund Sane Capital, was sentenced to 21 months in the clink and ordered to repay all $537,000 he stole from his “investors,” or, in common parlance, victims. He’ll spend an additional three months under house arrest when he gets out.
New York- and Greenwich, Conn.-based Sane Capital, which Misshula founded in 2000, was really nothing more than an ATM for Misshula, who pocketed the “investments” and then lied to his “clients” about mythical returns on investments that, of course, did not exist. Misshula, who lived in Greenwich prior to his recent move to a supervised facility, pleaded guilty to his crimes—in this case, mail fraud—over the summer.
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.