Posts Tagged ‘allegations’

Hedge Fund Manager Sued by SEC For $16 Million Fraud

Friday, February 20, 2009 12:07 5 Comments

The SEC is suing a former Minnesota hedge fund manager, alleging that he defrauded investors of almost $16 million.
The lawsuit, which was  filed yesterday in Minneapolis federal court, accuses John Lawton of lying to investors about the performance of his Paramount Partners hedge fund, overstating its balance sheet to hide losses. Lawton, who moved his [...]

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BREAKING: Illinois Governor Taken into Federal Custody

Tuesday, December 9, 2008 8:38 10 Comments

Illinois Gov. Rod Blagojevich has been taken into federal custody.

Federal agents made undercover tape recordings of Gov. Rod Blagojevich with the help of one of his closest advisers
Investigators are looking into allegations of corruption, involving Blagojevich and the Health Facilities Planning Board, as well as the Teachers Retirement System. The investigation has been going on [...]

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