Tag:
scandal
Latest Headlines
Latest Headlines
ALSO NOTED: Hedge funds gain 2 percent in Nov.; SEC loosens Sarbox rules; and much more...
Company News: > Citigroup to cut Nikko Cordial stake. Article > ABN AMRO says efficiency plans are
SPOTLIGHT: Millennium Partners
Fresh off the news that Federated Investors had settled with Eliot Spitzer, hedge fund Millennium Partners will pay $100 million to settle charges of mutual fund trading abuse. You have to think
SPOTLIGHT: Abigail Johnson
Abigail Johnson, the heir apparent at Fidelity, may be hitting a few speed bumps. She was transferred from her job as head of the money management unit in May, amid weak sales, tepid performance and
Insider cooperating in Refco probe
In a brow-raising move, Santo Maggio is cooperating with federal investigators probing Refco's implosion. Recall that Maggio was the head of the securities division; he was placed on leave, along
Refco tests Wall Street
The Refco scandal is the kind of Wall Street imbroglio that seems to drag in all too many: Goldman Sachs (see next item), Credit Suisse First Boston, Thomas H. Lee Partners and many hedge funds.
Refco CEO charged with fraud
Phillip Bennett, a British citizen who lives in Gladstone, NJ, has been arrested and charged with fraud. Events had been leading toward this from the moment Refco disclosed a mysterious $435
ALSO NOTED: Another hedge fund scandal; Sihpol case to be dismissed; and much more...
Company News: > Goldman Sachs says uncertainty persists at Refco.
Lehman Brothers sues hedge fund, charges fraud
Is another hedge fund scandal in the works? Lehman Brothers has sued hedge-fund operator Wood River Capital Management, a little known fund firm based in San Francisco and Ketchum, Idaho. The suit
Fund industry better off now?
Roy Weitz, founder of FundAlarm.com, has become something of a fund industry gadfly of some note. The certified public accountant is known for his often-critical commentaries on the mutual fund
