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Latest Hedge Fund Corruption News

Decades after famed heist, a 'Goodfella' goes on trial
While the case is a throwback to the great gangster trials decades ago involving La Cosa Nostra, the techniques prosecutors used to ensnare mobsters are now at the forefront of the fight against white-collar perpetrators like Rajaratnam, the hedge-fund ...
Read more on Chicago Tribune

Crossed fingers on a bad, necessary budget deal
Clearly, the corruption of Persia with our gadgets, blue jeans, media and hedge fund operators will not happen overnight. Similarly, this two-year agreement, seen by True Believers as dead-Speaker-walking John Boehner's parting MIRV-in-the-eye to ...
Read more on TBO.com (blog)

Video: Juan González Speech on Puerto Rico's Debt Crisis
... a friend of Hillary Clinton, has also been apparently hired as a lobbyist for a lot of these hedge funds. There were all kinds of people in Fortuño's party who benefited from the UBS pension bond deal, that got cuts in one way or another. So, there ...
Read more on Democracy Now! (blog)

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Britain's Politicians That Corrupt Democracy

Britain's Politicians That Corrupt Democracy
Hedge fund boss John Nash is a regular Conservative donor with close ties to the healthcare industry. John Nash and his wife Caroline gave £203,500 to the party over the past five years. He is also a founder of City firm Sovereign Capital, which runs a ...
Read more on Center for Research on Globalization

Inside the Secretive Circle That Rules a Trillion Market
The stakes go far beyond a few hedge funds and banks. Although the market for credit insurance on individual companies and countries has shrunk by 59 percent since 2008, more money is now invested in benchmark CDS indexes than at any time since the ...
Read more on Bloomberg

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Stock Market Today – HSBC Q3 Profit Surges 32%

Stock Market Today - HSBC Q3 Profit Surges 32%
China arrested one of its most successful fund managers as part of the communist party's intensified fight against market manipulation, the Wall Street Journal reports. The official state news agency Xinhua said he was arrested for alleged insider ...
Read more on TheStreet.com

Ending China's Currency Manipulation
Any notion that their economy is based on a free-market system is simply not true. If an American company wants access to the Chinese consumers, that company must share its intellectual property, a condition that violates international fair-trade ...
Read more on Wall Street Journal

The Free Markets of Charles Koch
This historic period became famous for corporate monopolies, market manipulation and control by large corporations, exploitation of the working class, massive accumulation of wealth and power for industrialists, and catastrophic market crashes. In ...
Read more on AlterNet

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Venezuelan hedge fund manager gets 13 years for fraud scheme

Venezuelan hedge fund manager gets 13 years for fraud scheme
Over time, the fraud ballooned exponentially as Illarramendi used his Stamford-based hedge funds to try to cover up losses exceeding a half billion dollars. In 2011, he pleaded guilty to several counts of fraud and conspiracy to obstruct justice ...
Read more on Yahoo News UK

Supreme Court Denies Request to Hear Newman Case
... Todd Newman and Anthony Chiasson were convicted of securities fraud and sentenced to prison after their trades in certain stocks, allegedly based on a chain of material non-public information, resulted in over $ 70 million in gains for their hedge ...
Read more on HedgeCo.net (blog)

Having Surged In The Past Week, Are Casino Stocks A Good Buy Now?
In fact, the 15 most popular small-cap stocks among hedge funds have returned 118% since the end of August 2012 and beaten the S&P 500 Index by some 60 percentage points (see more details here). Macau gaming revenues have been atrocious for some time ...
Read more on Insider Monkey (blog)

Controversial pharma CEO Martin Shkreli bails on Valeant bet
NEW YORK (Reuters) - The one-time hedge fund executive now running a biotech firm at the center of a drug-pricing controversy on Monday said he has bailed from a losing bet he made on another contentious drug maker: Valeant Pharmaceuticals ...
Read more on GlobalPost