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JWM Partners LLC was a hedge fund started by John Meriwether after the collapse of Long-Term Capital Management (LTCM) in 1998. LTCM was one of the most spectacular failures of Wall Street, leading to a bailout of around $4 billion that was provided by a consortium of Wall Street banks.
Sycamore also sold over 300 Dollar Express stores to rival, Dollar General. [27] In July 2020, it was announced that Sycamore Partners had made a $1.75 billion offer to acquire department store chain and competitor JCPenney out of bankruptcy, and would rebrand 250 JCPenney stores to the Belk name, to help the chain compete directly with Macy's.
Bermuda hedge fund; Madoff feeder fund: $3,500 million: Bloomberg: Rye Investment Management (Tremont Group) US hedge fund; Madoff feeder fund: $3,100 million: WSJ [8] Bank Medici of Austria: Austrian bank: $2,800 million: Bloomberg: Ascot Partners: US hedge fund; Madoff feeder fund: $1,800 million: WSJ [8] Access International Advisors: US ...
• Fake email addresses - Malicious actors sometimes send from email addresses made to look like an official email address but in fact is missing a letter(s), misspelled, replaces a letter with a lookalike number (e.g. “O” and “0”), or originates from free email services that would not be used for official communications.
Between 1998 and 2008, Petters created a series of investment funds through which he raised in excess of $4 billion through a variety of Ponzi schemes. These fund family names included Arrowhead, Lancelot, Palm Beach and Stewardship. Through these funds, Petters perpetrated the third-largest hedge fund fraud case in U.S. history. Petters used ...
The flood of cash into Vice President Harris’s campaign has ripened conditions for “scam PACs,” political committees that say they are raising money for candidates or causes but in reality ...
The complaint alleges that since 1995, Merkin steered more than $1 billion to Madoff through three private hedge funds, Ascot Partners, Ariel Fund and Gabriel Capital. Since 2002, the funds withdrew at least $494 million from Madoff — returns that Merkin "knew or should have known" were fraudulent.
Major retailers are frequent targets of such scams. In July, Amazon filed a federal lawsuit accusing a Telegram group of stealing more than 10,000 items through fraudulent returns.