Posts Tagged ‘SEC
Celeb Financial Advisor Charged with Fraud
Kenneth Starr, a New York investment adviser with a long list of celebrity clients (not to be confused with the Ken Starr who prosecuted Clinton), was was arrested by U.S. agents on Thursday on charges of running an alleged investment fraud– more specifically a Ponzi scheme– of as much as $30 million. According to Reuters, [...]
Two People Arrested in Disney Insider Trading Scheme
In a brilliant move, a former Disney employee and her boyfriend were arrested this morning in Los Angeles for allegedly trying to sell insider information regarding the media giant to various hedge funds for $15k a pop. Bonnie Hoxie, who worked as an assistant in Disney’s communications department, according to Dealbreaker, and her boyfriend, Yonni [...]
Potty Mouths: Senators Talk Shit To Tourre
Throwing Goldman Sachs’ execs own words back at them, Senators repeatedly perked up everyone’s ears Tuesday as they pointedly tossed around the obscenity the execs had so liberally used to describe one of their failing investment deals, known as Timberland. Funnily enough, it was Sen. Carl Levin (D-MI), chair of the Senate investigative panel looking [...]
SEC Was Busy Watching Porn While The Economy Went to Shit
So it turns out over the past five years the SEC has conducted 33 separate probes into “employees looking at explicit images” according to the Associated Press. And apparently 31 of them have occurred since the financial system went down in flames. Nice. Where was Mary Schapiro on that one? Jeez.
Ridiculous Fraudsters Charged By SEC
The SEC is really on it’s game so far this year. I mean, granted, catching the idiots in the case I’m about to write about wasn’t exactly rocket science, but still… mad props (yes, I’m stuck in the early 1990s. It’s cool).
Hedge Fund Gambles on Sports
It’s brilliant. A hedge fund for men who love sports. Better yet, a hedge fund for men who have a gambling addiction (yes, it is a real diagnosis– pathological gambling is now defined separately from manic episodes in the DSM IV-TR, many well respected addiction centers across the country offer treatment for it, and Gambler’s [...]
The Tale of Two Paulsons
It’s easy to confuse them: John and Hank. They share a surname, both have Harvard MBAs, have connections to Goldman Sachs, and have drawn attention from the SEC. So it’s little wonder that some people get a little mixed up. Here’s a short guide to telling the difference between two of the biggest names in [...]
Thoughts on the Goldman Fraud Charges
In addition to the charges from the SEC, Goldman is now facing charges in Britain and additional scrutiny in Germany. With all of this going down while we await the passing of new hedge fund legislation in both the E.U. and the U.S., we have to ask ourselves, if the AIFM directive passes and if [...]
All the Fuss About the Goldman Fraud Charges
So April 16, the SEC charged Goldman Sachs and VP Fabrice Tourre with civil fraud charges stemming from 2007 CDO deals with John Paulson’s hedge fund (the eponymous Paulson & Co.)– and since Goldman and Paulson are huge names and the prospect of scandal makes us all salivate, everyone has their panties in a twist. [...]
Convicted Mgr Resists Efforts to Collect $3.1M
Former Wayzata hedge fund manager John Lawton, who pleaded guilty last November one count of mail fraud and one count of making a false statement for an investment operation that resulted in losses of more than $10 million by more than 50 investors, is now resisting efforts by the SEC to collect what they claim [...]
Loading ...