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He is the founder and portfolio manager of Brattle Street Capital, a long/short equity hedge fund based in New York. [ 1 ] [ 2 ] [ 3 ] In June 2022, Blotnick pleaded guilty to wire fraud and money laundering charges associated with claiming $6.8 million in fraudulent Paycheck Protection Program (PPP) loans, and was sentenced to 51 months in prison.
The founder of Archegos Capital Management, a hedge fund that collapsed in 2021, was convicted Wednesday of securities and market manipulation fraud in a scheme that prosecutors said cost global ...
The founder of Archegos Capital Management, a hedge fund, was sentenced to 18 years in prison on Wednesday for securities and market manipulation fraud in a scheme that prosecutors said cost ...
The Raj Rajaratnam/Galleon Group, Anil Kumar, and Rajat Gupta inside trading cases are parallel and related civil and criminal actions by the U.S. Securities and Exchange Commission and the United States Department of Justice against three friends and business partners: Galleon Group hedge fund founder-owner Raj Rajaratnam and former McKinsey & Company senior executives Anil Kumar and Rajat Gupta.
Samuel Israel III (born July 20, 1959) [1] is an American fraudster and former hedge fund manager for the Bayou Hedge Fund Group, which he founded in 1996.In 2008, Israel was sentenced to 20 years in prison and ordered to forfeit $300 million for defrauding his investors.
Through these funds, Petters perpetrated the third-largest hedge fund fraud case in U.S. history. Petters used these funds to finance his big box and other acquisitions. He then fabricated retail orders from those acquisitions and used them as collateral to borrow more money through the funds. [7]
The payouts being made by the Madoff Victim Fund (MVF) are worth $131.4m (£104.6m) and are set to bring the total amount it has handed out to 40,930 claimants to $4.3bn.
Mark (Meir) Nordlicht (born 1968) is the founder and former chief investment officer of (now defunct) Platinum Partners, a U.S. based hedge fund, which came to be known for its investment strategies becoming the subject of a series of controversial and legal actions.