Comments on: Hedge fund Chief Operating Officer Sentenced

By: Henry S.

Henry S. — Fri, 25 Sep 2009 03:37:28 +0000

As an attorney I can say from a litigation perspective an investor overlookin such controls as part of their operational due diligence such as a fund of funds would likely have increased liability in such a situation despite the absence of fraud – would be interested in the civil outcome of this

By: Bai Q.

Bai Q. — Fri, 25 Sep 2009 03:34:59 +0000

This guy is a crook – where we’re the checks and balances. In China he would be in jail for life. US goes too easy

By: Tekram H.

Tekram H. — Fri, 25 Sep 2009 03:31:45 +0000

Cash management controls are essential. You make a good point about this – it seems this point of cash management in due diligence is overlooked by accountants. Particularly true of wrote approaches we see this in Bbay too often

By: Yuri S.

Yuri S. — Fri, 25 Sep 2009 03:29:14 +0000

They gave him too light a sentence!