If $80 billion in redemptions in two months at the end of last year were not enough, hedge funds now have to deal with the reputational damage inflicted by Bernie Madoff’s spectacular hedge fund fraud ...

Hedge funds are known for their high-risk and high-return approach to investment. Due to these practices, some funds are bound up to lose money. In other cases, investors plan a deliberate scheme to ...

The pitch included artificial intelligence, high-frequency trading, and “recession-proof” guaranteed annual returns of up to 30%. The reality was a $5.7 million Ponzi scheme. Mina Tadrus, a former ...

Brian Kahn, the former CEO of Franchise Group, which B. Riley Financial (RILY) invested in in 2023, pleaded guilty to defrauding hedge fund investors of ~$300M in a scheme that led to the failure of ...

Two former Bear Stearns hedge fund managers were arrested yesterday and charged with fraud related to the collapse of a pair of investment funds that helped usher in the current financial crisis that ...