Dreier Gets $20 Million Bond, Claims He Can’t Pay
Bloomberg - Marc Dreier, the New York lawyer jailed since his arrest for allegedly cheating hedge funds, won’t be able to post the $20 million bond that would free him, his lawyer told a federal judge....
View ArticleUS lawyer pleads not guilty to money laundering
BusinessWeek – A prominent Manhattan lawyer accused of peddling $700 million in phony securities to hedge funds will likely forgo a trial and change his plea to guilty, his attorney told a judge...
View ArticleFormer Florida Hedge Fund Manager Awaits Trial
New York (HedgeCo.Net) – Won Sok Lee will face a U.S. trial after fleeing for three years following the discovery of his bogus Florida hedge fund. The KL Group allegedly defrauded about $200 million...
View ArticleNew York cutting firms tied to pension flap from doing business with fund
New York Daily News – State Controller Thomas DiNapoli is booting 10 hedge fund managers from doing business with New York’s scandal-scarred $122 billion pension fund, the Daily News has learned. Four...
View ArticleHedge Fund Indictment Says Cravath, Bryan Cave Were Duped
Law.com – Federal prosecutors Thursday unsealed an indictment charging the chief executive of what used to be one of the world’s largest investment funds with constructing elaborate tax shelters for...
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