October 11, 2011
A 5 star fund, anyone?
A recent SEC complaint alleges that a hedge fund manager called Robert Stinson (helpfully described as a "convicted felon and securities fraud recidivist") raised some $16 million from investors from 2006 until he was caught earlier this year. Needless to...
Posted at 07:00 PM
September 19, 2011
Lessons from UBS: 5 reasons why (most) hedge funds are well protected against rogue trading
Well, Mr. Adoboli isn't quite as good as Mr. Kerviel when it comes to rogue trading, but the financial impact of his unauthorized trades has now increased from the initial estimate of $2 billion to $2.3 billion. Still a strong...
Posted at 07:00 PM
September 11, 2011
Can the UK authorities catch up with fraudsters?
As we all know, Bernie Madoff is currently serving a minimum 150 year sentence at a federal jail in Butner, North Carolina. Other high profile hedge fund fraudsters are also reflecting on their sins from the inside of a US...
Posted at 07:00 PM
July 05, 2011
And how much is that ABS worth again?
The SEC have just settled a case under which Morgan Keegan, a Tennessee subsidiary of Regions Bank, agreed to pay $200 million (without - of course - admitting or denying any of the findings!) to settle fraud charges related to...
Posted at 07:00 PM
