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Buffalo Has Hedge Fund Frauds, Too

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What’s more, the snowed-in former metropolis’ hedge-fund scams look an awful lot like everyone else’s.

To hear the Securities and Exchange Commission tell it, local investment adviser Timothy S. Dembski lost nearly $4 million of his client’s money by investing it in a hedge fund run by an old friend who knew nothing about hedge funds and whose financial experience didn’t go much beyond collecting on bad car loans.

SEC files fraud charges against 2 Buffalo investment advisers [Buffalo News]


American Justice: British Hedge-Fund Fraud Edition

The UK is stepping up its game re: sending people to the big house.

By Chris Potter (Flickr: 3D Judges Gavel) [CC BY 2.0], via Wikimedia Commons

Allegedly Fraudulent Hedge Fund Counters Fraud Allegations With Award Won Through Alleged Fraud

Goldsky Asset Management may have no assets, but it does have hardware.

By Pepette98 (Own work) [CC BY-SA 3.0], via Wikimedia Commons

Local Hedge Fund Has Eye On Really Nice Boat

Davidson Kempner will be happy to take the Sunrays, or the $200 million its owners owe it. Either way is fine.