Are You Not Supposed To Use Client Funds On Private Jets, Move Money Between Onshore And Offshore Accounts?

Author:
Bess Levin
Updated:
Jan 14, 2019
Original:
Apr 11, 2011

If so, no one ever told Perry Gruss.

US market regulators yesterday sued the former CFO of a multibillion-dollar hedge fund founded by Daniel Zwirn, accusing him of improperly transferring $870 million between the fund's accounts. The lawsuit filed by the Securities and Exchange Commission accused Perry Gruss, of the now defunct hedge fund D.B. Zwirn & Co. of improperly transferring money between onshore and offshore accounts and for using client money to pay for a private plane.

[NYP]

Are You Not Supposed To Use Client Funds On Private Jets, Move Money Between Onshore And Offshore Accounts?

Guy Accused Of Stepping On Trading Admin's Rack May Have Gotten Pawsy With Other Female Employees, Supposedly Has Massive Feet, Interesting Moves On The Dance Floor

Bailed Out CEOs Used Company Jets For Private Use Several Months Ago-- How Does That Make You Feel?

Hedge Fund Investors Seek Money Bear Does Not Have

Texan "Frack Master" Who (Allegedly!) Used Investor Funds To Pay Off "Whore Card" Offended By SEC Suit

Wells Fargo Tops 'Use Of A Work Email On An Adultery Site' League Tables

Professional Sports Arbitrageur Seeks Investors For Offshore Hedge Fund

Ex-Wells Fargo Employee Was (Allegedly) Told: "Go and shake your skirt to the farm workers in the corner so we can get some accounts"

Pimco Accuses Bill Gross Of "Sad Obsession" With Ex-Firm, Still Having An AOL Account