The Daily Caveat is written by Michael Thomas, a recovering corporate investigator in the Washington, DC-area. [More]
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4/02/2009
Chicago Traders, Sarvey and Sklena Facing Fraud Indictment
5/07/2008
P.O. Box Hedge Fund Crumbles
CTFC Sues Sentinel Management Group
CTFC Files Against Chicago Brokers
Man Group Hedge Fund Pays $75 Million Settlement to End Fraud Probe
Chicago Traders, Sarvey and Sklena Facing Fraud Indictment
The Commodity Futures Trading Commission first moved against Edward Sarvey and David Sklena, both floor brokers at the Chicago Board of trade, back in January of 2008. This week the dual indictments moved forward, alleging more than $2 million in losses. Both Sarvey and Sklena have been charged with wire fraud, commodities fraud and non-competitive trading.
-- MDT
-- MDT
Labels: CTFC, David Sklena, Edward Sarvey
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P.O. Box Hedge Fund Crumbles
Please stop giving these people your money.
Seriously...
-- MDT
5/06/2008
Seriously...
-- MDT
Labels: CTFC, Fraud, hedge fund, Robert Sucarato
CTFC Sues Sentinel Management Group
Fraud charges, bankruptcy and $100 million outstanding.
Not a good week to be a former Sentinel exec.
-- MDT
1/13/2008
Not a good week to be a former Sentinel exec.
-- MDT
Labels: accounting fraud, CTFC, Sentinel Management Group
CTFC Files Against Chicago Brokers
Edward Sarvey and David Sklena are both apparently on the hook for defrauding investors out of over $2 million due to some tricky trading. Get further details on Sarvey and Sklena via Yahoo.
-- MDT
12/06/2007
-- MDT
Labels: CTFC, David Sklena, Edward Sarvey
Man Group Hedge Fund Pays $75 Million Settlement to End Fraud Probe
MF Global, the NY based hedge fund offering from the Man Group has agreed to pay $75 million to settle charges that the fund helped to hide the $180 million Philadelphia Alternative Asset Management (PAAM) hedge fund fraud (in which founder Paul Eustace was recently charged). The CTFC shut down PAAM in 2005 for hiding its own losses from investors.
-- MDT
-- MDT
Labels: CTFC, Fraud, hedge fund, Man Financial, Man Group, MF Global, PAAM
