James Nicholson’s hedge fund dream ended with diminishing cash balance during the financial crisis. He told his clients Westgate Capital was

Paul Greenwood (“Greenwood”) was a collector.

On March 22, 2012, the Iowa Public Employees’ Retirement System, the largest victim of the WG Trading fraud scheme, sued Deloitte...

On March 15, 2010, the Securities and Exchange Commission (“SEC”) received an anonymous complaint, which detailed failures and inappropriate

Paul Greenwood and Stephen Walsh’s 13-year Ponzi scheme collapsed in Feb 2009 when NFA conducted the first visit since the SEC’s 1995...

On February 24, 2012, Japan’s Financial Service Agency suspended an investment advisory license of AIJ, a little known Japanese hedge fund

Michael Balboa, portfolio manager of Millennium Global Emerging Credit Master Fund, Ltd., not only hid losses, but also inflated ...

Thomas Petters successfully ran a $3 billion show over 13 years. His illegitimate "asset based lending" scheme seems to be very simple and..

As Sidney Sheldon famously said “Life is like a novel. It's filled with suspense,” we often find it very true when we learn what actually...

How important is it to have an established infrastructure for a hedge fund start-up? A trading error or loss of important financial data may

How important is it to check the legitimacy of the audit firm? The importance of reviewing financial statements goes without saying.

A Suicide Note On August 16, 2005, police sergeant, Gary Perna, found a suicide note of Marino at his office with a confession of his...