Andrew Caspersen’s Charmed Life, Thrown Into Turmoil
Andrew Caspersen came from a world of privilege, blown apart by allegations that he conducted a fraudulent investment scheme.
Louis Bacon’s Charity Says It Was Victim of Executive Accused of Fraud
The Moore Charitable Foundation of Louis M. Bacon says it put $25 million into what federal authorities call a fraudulent…
For Hedge Funds, Start of 2016 Offers Little Relief From 2015
The first two months of this year have favored very, very few hedge funds.
Martin Shkreli Appears to Adopt a New Legal Strategy: Silence
Mr. Shkreli’s new defense lawyer, Benjamin Brafman, said he had advised his client, who faces securities fraud charges, to stop…
In Insider Trading Settlement, Steven Cohen Will Be Free to Manage Outside Money in 2 Years
The billionaire investor, who faced the prospect of a lifetime ban, will be barred until 2018, under a settlement with…
No Comment? Not in Their Playbook
Executives charged with wrongdoing used to keep quiet and defer to their lawyers. But now they are turning to social…
BlueCrest to Close Hedge Fund and Refund Outside Investors
The 15-year-old hedge fund said it planned to transition into a “private investment partnership” that would manage money for its…