Ex-Samsung chief handed 3-year suspended jail term
Reuters- Former Samsung Group chief Lee Kun-hee, one of South Korea‘s most powerful businessmen, was handed a 3-year suspended jail sentence on Wednesday for tax evasion, but was cleared of other...
View ArticleSamsung Life, Kyobo Shun U.S., Europe for Korea Bonds
Bloomberg- South Korean life insurers are shunning U.S. and European corporate bonds because of a rising risk of default and plowing money into domestic debt. Samsung Life Insurance Co., Korea’s...
View ArticleGrand jury: Ind. man deliberately crashed plane
Philadelphia Inquirer – A federal grand jury indicted an Indiana investment adviser Tuesday on charges of deliberately crashing his small airplane in the Florida Panhandle to try to fake his own death...
View ArticleIn Texas, a king of the Asian commodities market
Seattle Times – Just a third of hedge funds with assets of more than $100 million had positive returns in 2008, according to data compiled by Bloomberg. Abraham Trading Diversified Program, a small...
View ArticleMassMutual hedge fund sued in loss
Boston Globe – A Boston law firm has filed a class-action lawsuit against a hedge fund controlled by Massachusetts Mutual Life Insurance Co. for placing all of the fund’s assets with Bernard Madoff,...
View ArticleCalifornia Investment Agent Pleads Guilty in NY Probe
American Chronicle – A Los Angeles businessman has pleaded guilty to corruption charges in a pension fund scandal that began in New York and is heading west. Julio Ramirez Jr.’s guilty plea to...
View ArticleFeds raid 2 NY homes owned by Ohio hedge fund firm
Newsday – FBI agents have raided a pair of multimillion-dollar Buffalo-area homes owned by a hedge fund firm from Cleveland. Dozens of agents on Wednesday swarmed the neighboring properties in...
View ArticleInvestor in Petters’ alleged scheme charged
Kare11.com – An Illinois hedge fund manager who claimed to be the biggest victim of Minnesota businessman Tom Petters’ alleged Ponzi scheme was actually a participant in it, the Securities and Exchange...
View ArticleIll. fund manager linked to Petters ordered freed
West Central Tribune – A federal magistrate judge ordered the release on bail Wednesday of an Illinois hedge fund manager who allegedly helped Minnesota businessman Tom Petters orchestrate what...
View ArticleHighland Park-based hedge fund manager granted bail
Chicago Tribune – Illinois hedge-fund manager Gregory Bell, who was charged with wire fraud for his role in an alleged Ponzi scheme, was granted $1.5 million bail and required to wear an electronic...
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