The Daily Caveat is written by Michael Thomas, a recovering corporate investigator in the Washington, DC-area. [More]
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10/19/2008
What Do Societe Generale, MF Global and Credit Suisse Have in Common?
Man Group Hedge Fund Pays $75 Million Settlement to End Fraud Probe
Man Group, PAAM Hedge Fund Fraud
Man Group, USB Feud over Hedge Fund Fraud As Charges Against PAAM Manager Loom
What Do Societe Generale, MF Global and Credit Suisse Have in Common?
Rogue Traders all around. The Financial Times details what steps European banks are taking to avoid being the next institution on this list.
See also: The next bank on this list.
-- MDT
12/06/2007
See also: The next bank on this list.
-- MDT
Labels: Caisse d'Epargne, Credit Suisse, MF Global, Societe Generale
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
11/20/2007
-- MDT
Labels: CTFC, Fraud, hedge fund, Man Financial, Man Group, MF Global, PAAM
Man Group, PAAM Hedge Fund Fraud
Entangled sounds like the right way to put it.
-- MDT
-- MDT
Labels: Man Group, MF Global, PAAM, Paul Eustace
Man Group, USB Feud over Hedge Fund Fraud As Charges Against PAAM Manager Loom
Paul Eustace is headed to court. A two count indictment has been filed relating to his conduct at PAAM. UBS and The Man Group have also been implicated. You know what they say - all's fair in love and The Caymans.
-- MDT
-- MDT
Labels: Man Group, MF Global, PAAM, Paul Eustace
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