Wednesday, 27 August 2014
Last updated 4 hours ago
Nov 5 2009 | 2:15pm ET
One of the two U.S.-based businessmen linked to the alleged K1 Group hedge fund fraud in Germany has pleaded not guilty.
Thomas Meyer of Omaha, Nebraska, is charged with one count of money laundering. He entered his plea today in Philadelphia federal court.
Meyer and another man, Stefan Seuss, were arrested in the U.S. on the same day that K1 founder Helmut Kiener last week, were caught in a sting operation ran by the Federal Bureau of Investigation and Internal Revenue Service. The two men allegedly offered to move money for a software and CD/DVD pirate who turned out to be an undercover federal agent.
If convicted, each faces up to 20 years in prison. Suess is reportedly cooperating with investigators.
Authorities have not said the charges against Meyer and Seuss have anything to do with the K1 probe, but they are reportedly linked. Kiener faces charges that he misled his banks and brokers, leading to about US$400 million in possible losses.
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 ...