Posts Tagged ‘larry summers’
Hedge Fund Manager Sued by SEC For $16 Million Fraud
Friday, February 20, 2009 12:07 5 CommentsThe 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 [...]
Larry Summers’ Hedge Fund Freezes Redemptions
Wednesday, December 10, 2008 12:26 14 CommentsLarry Summers’ company, D.E. Shaw, announced this week that it has frozen client withdrawals.
Summers, who was tapped to lead President Obama’s White House National Economic Council, served as a managing director to the hedge fund up until the announcement of his cabinet appointment.
D.E. Shaw Co, is a New York based hedge fund with a [...]
Obama Cabinet Picks: A Who’s Who of Establishment Insiders
Monday, November 24, 2008 21:51 6 CommentsTimothy F. Geithner
Obama Cabinet Position: Treasury Secretary
Political Party: Democrat
Career: Ford Foundation, Kissinger and Associates (Major Lobbying Firm), IMF, Federal Reserve Bank of New York, Under Secretary of Treasury under Larry Summers and Robert Rubin.
Member: Bilderberg Group, Council on Foreign Relations, Trilateral Commission
Notable Events: In 2007, he brokered the sale of Bear Stearns to JP Morgan [...]
