Hedge Fund Fraud
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US Brothers Pose As Middle Eastern Royals To Pull Off $21 Million Fraud, Spend It On Private Jets And Cars
The brothers, originally from the Cleveland area, claimed to be UAE royalty, with Zubair falsely asserting he was married to a UAE princess.
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''Had The Best Sleep'': Crypto Founder Calls Time In Singapore Jail ''Enjoyable''
He claimed that he had the ''best sleep'' of his life while serving the sentence in a Singaporean prison, and added that everyone should look to spend time inside a cell.
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FTX Alleges Former Lawyer of Aiding Sam Bankman-Fried's Fraud, Silencing Whistleblowers
FTX filed a complaint on Tuesday in US Bankruptcy Court in Delaware, accusing one of its former top lawyers, of aiding fraud by company founder Sam Bankman-Fried and silencing whistleblowers who reported wrongdoing at the company. Daniel Friedberg, a former chief compliance officer at FTX and general counsel of its related crypto hedge fund Alameda...
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Sam Bankman-Fried Loses Bid for Dismissal of Criminal Charges Over FTX's Collapse
A federal judge on Tuesday rejected Sam Bankman-Fried's request to dismiss most of the US government's criminal case accusing him of orchestrating a multibillion-dollar fraud. The decision paves the way for an October 2 trial of the FTX founder. Prosecutors accused Bankman-Fried of stealing billions of dollars in FTX customer funds to plug losses a...
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FTX's Sam Bankman-Fried Could Be Planning to Blame Lawyers Who Helped Launch Firm in Criminal Case
Indicted FTX founder Sam Bankman-Fried's lawyers filed a motion on Tuesday asking for access to documents from Fenwick & West, the Silicon Valley law firm that represented FTX and sister hedge fund Alameda Research from the companies' inception through their collapse in November 2022.
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Sam Bankman-Fried's Ban on Contacting FTX Employees Using Encrypted Messages Gets Extended
A US judge on Thursday extended a ban on FTX cryptocurrency exchange founder Sam Bankman-Fried's ability to contact employees of companies he once controlled and use encrypted messaging technology while out on bail awaiting trial on fraud charges. US District Judge Lewis Kaplan on February 1 had temporarily barred Bankman-Fried from contacting an...
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Sam Bankman-Fried Barred From Contacting FTX Employees Using Signal, Encrypted Messages
A US judge on Wednesday temporarily barred FTX founder Sam Bankman-Fried from contacting current or former employees of the cryptocurrency exchange or his Alameda Research hedge fund, and from using encrypted messaging tools including Signal. The ruling by US District Judge Lewis Kaplan came after federal prosecutors in Manhattan said Bankman-Fri...
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Hackers Stole $415 Million In Cryptocurrency After Bankruptcy: FTX Chief
FTX founder Sam Bankman-Fried has been accused of stealing billions of dollars from FTX customers to pay debts incurred by his crypto-focused hedge fund, Alameda Research. Bankman-Fried has pleaded not guilty to fraud charges.
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Cryptocurrency Fraudster Gets Prison Sentence From US Court for Duping Investors of Over $90 Million
Crypto investments are soaring around the world, and so are related scams. A US court has released a strict verdict against a crypto scammer, who was duping off unsuspecting and innocent investors off of their hard earned money.
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Indian-Origin CEO Sentenced To Over 4 Years In Prison For Securities Fraud
An Indian-origin CEO was sentenced to over four years in prison after being convicted of securities fraud for his participation in a scheme to inflate the net asset value for hedge funds managed by the company by over USD 100 million.
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Indian-Origin CEO Of US-Based Hedge Fund Firm Charged For Securities Fraud
An Indian-origin founder of a Manhattan-based hedge fund firm and a former trader of the enterprise have been found guilty of securities fraud for their participation in a scheme to inflate the net asset value for hedge funds managed by the company by over USD 100 million.
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Hedge Fund Titans Who Bet Big on India Now Say They Were Scammed
The $1.5 billion India wager that went horribly wrong for some of the world's biggest hedge funds began with a tantalizing offer.
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Bad Boy Martin Shkreli Fired From Pharma Company KaloBios
The controversial US pharma boss and hedge fund figure Martin Shkreli has been fired as CEO of KaloBios Pharmaceuticals following his arrest on fraud charges, the firm said Monday.
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'Pharma Bro' Shkreli Arrested For Securities Fraud
Martin Shkreli is a biotech executive who favors open-collar shirts over lab coats, the founder of a hedge fund who eschewed discretion by broadcasting his life on YouTube, a pill seller who made no bones about his power to raise the price of his medicines.
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Brother of New York hedge fund founder pleads not guilty
The brother of a jailed one-time billionaire hedge fund boss pleaded not guilty to federal fraud charges Monday after rushing from his Brazil home to the United States upon learning last week that he was swept up in a massive insider trading prosecution.
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US Brothers Pose As Middle Eastern Royals To Pull Off $21 Million Fraud, Spend It On Private Jets And Cars
The brothers, originally from the Cleveland area, claimed to be UAE royalty, with Zubair falsely asserting he was married to a UAE princess.
-
''Had The Best Sleep'': Crypto Founder Calls Time In Singapore Jail ''Enjoyable''
He claimed that he had the ''best sleep'' of his life while serving the sentence in a Singaporean prison, and added that everyone should look to spend time inside a cell.
-
FTX Alleges Former Lawyer of Aiding Sam Bankman-Fried's Fraud, Silencing Whistleblowers
FTX filed a complaint on Tuesday in US Bankruptcy Court in Delaware, accusing one of its former top lawyers, of aiding fraud by company founder Sam Bankman-Fried and silencing whistleblowers who reported wrongdoing at the company. Daniel Friedberg, a former chief compliance officer at FTX and general counsel of its related crypto hedge fund Alameda...
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Sam Bankman-Fried Loses Bid for Dismissal of Criminal Charges Over FTX's Collapse
A federal judge on Tuesday rejected Sam Bankman-Fried's request to dismiss most of the US government's criminal case accusing him of orchestrating a multibillion-dollar fraud. The decision paves the way for an October 2 trial of the FTX founder. Prosecutors accused Bankman-Fried of stealing billions of dollars in FTX customer funds to plug losses a...
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FTX's Sam Bankman-Fried Could Be Planning to Blame Lawyers Who Helped Launch Firm in Criminal Case
Indicted FTX founder Sam Bankman-Fried's lawyers filed a motion on Tuesday asking for access to documents from Fenwick & West, the Silicon Valley law firm that represented FTX and sister hedge fund Alameda Research from the companies' inception through their collapse in November 2022.
-
Sam Bankman-Fried's Ban on Contacting FTX Employees Using Encrypted Messages Gets Extended
A US judge on Thursday extended a ban on FTX cryptocurrency exchange founder Sam Bankman-Fried's ability to contact employees of companies he once controlled and use encrypted messaging technology while out on bail awaiting trial on fraud charges. US District Judge Lewis Kaplan on February 1 had temporarily barred Bankman-Fried from contacting an...
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Sam Bankman-Fried Barred From Contacting FTX Employees Using Signal, Encrypted Messages
A US judge on Wednesday temporarily barred FTX founder Sam Bankman-Fried from contacting current or former employees of the cryptocurrency exchange or his Alameda Research hedge fund, and from using encrypted messaging tools including Signal. The ruling by US District Judge Lewis Kaplan came after federal prosecutors in Manhattan said Bankman-Fri...
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Hackers Stole $415 Million In Cryptocurrency After Bankruptcy: FTX Chief
FTX founder Sam Bankman-Fried has been accused of stealing billions of dollars from FTX customers to pay debts incurred by his crypto-focused hedge fund, Alameda Research. Bankman-Fried has pleaded not guilty to fraud charges.
-
Cryptocurrency Fraudster Gets Prison Sentence From US Court for Duping Investors of Over $90 Million
Crypto investments are soaring around the world, and so are related scams. A US court has released a strict verdict against a crypto scammer, who was duping off unsuspecting and innocent investors off of their hard earned money.
-
Indian-Origin CEO Sentenced To Over 4 Years In Prison For Securities Fraud
An Indian-origin CEO was sentenced to over four years in prison after being convicted of securities fraud for his participation in a scheme to inflate the net asset value for hedge funds managed by the company by over USD 100 million.
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Indian-Origin CEO Of US-Based Hedge Fund Firm Charged For Securities Fraud
An Indian-origin founder of a Manhattan-based hedge fund firm and a former trader of the enterprise have been found guilty of securities fraud for their participation in a scheme to inflate the net asset value for hedge funds managed by the company by over USD 100 million.
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Hedge Fund Titans Who Bet Big on India Now Say They Were Scammed
The $1.5 billion India wager that went horribly wrong for some of the world's biggest hedge funds began with a tantalizing offer.
-
Bad Boy Martin Shkreli Fired From Pharma Company KaloBios
The controversial US pharma boss and hedge fund figure Martin Shkreli has been fired as CEO of KaloBios Pharmaceuticals following his arrest on fraud charges, the firm said Monday.
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'Pharma Bro' Shkreli Arrested For Securities Fraud
Martin Shkreli is a biotech executive who favors open-collar shirts over lab coats, the founder of a hedge fund who eschewed discretion by broadcasting his life on YouTube, a pill seller who made no bones about his power to raise the price of his medicines.
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Brother of New York hedge fund founder pleads not guilty
The brother of a jailed one-time billionaire hedge fund boss pleaded not guilty to federal fraud charges Monday after rushing from his Brazil home to the United States upon learning last week that he was swept up in a massive insider trading prosecution.
