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- British Madoff Terry Freeman Admits to Running a Ponzi Scheme
A man who has been dubbed the to be the “British Madoff” and Britain’s “mini-madoff” admitted to running a Ponzi scheme. The man, Terry Freeman is 62 years old and from Buckhurst Hill in Essex, United Kingdom. He admitted to fraudulent trading, engaging in business while bankrupt, acting as a director when bankrupt and acting [...] - Corgentum outlines the importance of recognizing a hedge fund’s operational stengths and weaknesses with Risk.net’s Operational Risk & Regulation Journal
The recent comments of Jason Scharfman, Corgentum Consulting Managing Partner regarding the enhanced focus being placed by investors on hedge fund operational risk were outlined in Risk.net’s Operational Risk & Regulation Journal in an article entitled, Operational infrastructure at hedge funds comes under closer scrutiny . Topics outlined by Mr. Scharfman in the article include: [...] - Jerome Kerviel and Societe Generale – Les Jeux Sont Faits: Three Years and $6.7 billion
Les Jeux sont fait, the chips are down for Jermoe Kerviel. To refresh memories Kerviel who was on trial for allegation of being a rogue trader and had become a celebrity in France (see previous post). It was announced that former Societe Generale trader Jerome Kerviel was sentenced to to five years in prison, with [...]
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