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In 2012, he pleaded guilty to wire fraud related to his Tiger Asia Management hedge fund, which had been ensnared in an insider-trading scandal. Why the case matters
May 13, 2024 · NEW YORK (AP) — A fraud trial began Monday for the founder of a hedge fund that cost leading global investment banks and brokerages billions of dollars when it collapsed.
May 13, 2024 · Their scheme involved secret trading in stock derivatives that enabled their private investment fund to secretly build large positions in companies before it was unmasked as “a house of cards, built on manipulation and lies,” Assistant U.S. Attorney Alexandra Rothman told jurors in an opening statement.
1 day ago · WB: Many of the largest [limited partners, who make up private fund investors] are pension funds and they are very much looking out for the interest of ordinary people — firefighters, police officers, school teachers, whose life savings are bound up in those. CA: Hedge funds argue that they have well-paid professionals advising them.
May 10, 2024 · Kurta Law Can Help. If you have worked with Shane Garrow and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms.
May 8, 2024 · Securities Fraud Charges: False Claims About Investment Returns. In a legal complaint filed in the United States District Court for the Northern District of Georgia, the SEC has charged hedge fund manager Craig Allen with defrauding investors out of approximately $9.9 million.
May 14, 2024 · Finance · fraud. Archegos hedge fund founder Bill Hwang goes on trial for allegedly inflating stock values before a meltdown that cost banks and brokerages over $100bn. BY Larry Neumeister and...
