Scams

Hedge Funds
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Top Stock Market News

Billionaire Dan Och Slammed by Hedge Fund for ‘Mismanagement’

(Bloomberg) — The hedge fund firm formerly known as Och-Ziff “deteriorated” under the “mismanagement” of its founder Daniel Och, forcing those who succeeded him to spend years stabilizing the Wall Street firm, the company said in court filings. Och’s handling of a 2016 African bribery scandal involving the firm now rebranded as Sculptor Capital Management […]

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Fraud
Hedge Funds
Scams
Stock Market Warning Signs

Hedge Funder Has Madoff Warning Amid Exploding New Bad Assets

(Bloomberg) — Wasim Rehman is a go-to person for investors desperate for an exit in the messy world of trading troubled, hard-to-sell assets — a sector that’s set to explode as sanctions against Russia and the ongoing equities meltdown create mountains of illiquid holdings. But Rehman — who has invested in more than 200 funds […]

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Fraud
Scams

Investment Chief Gets 12 Years for Running $100 Million Scam

(Bloomberg) — The chief investment officer of a New York firm specializing in trade finance was ordered to spend 12 years in prison for defrauding clients of more than $100 million. David Hu, one of the founders of International Investment Group, was sentenced on Monday by U.S. District Judge Alvin Hellerstein in Manhattan. Hu and […]

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Daily Perspective
Penny Stocks
Scams

How to Avoid Getting Ripped Off by Penny Stocks

Penny stocks tend to excite investors due to their reputation for quick and explosive gains. Conversely, this reputation encourages scammers to lure investors into dumping money into a company that’s just a black hole for investors. These small companies are a haven for scammers because most of them trade on the pink sheets or over-the-counter […]

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