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John McNamara (fraudster) John M. McNamara (born 1940) [1] [2] is an American convicted felon and former businessman. McNamara was convicted of a Ponzi scheme fraud through gaining loans to a value of $6 billion from General Motors financing arm GMAC, to develop a $400M car sales and property development business.
Previously, he served as associate editor of The American Economic Review. Additionally, he served as senior economist at the White House Council of Economic Advisers and as a lecturer at Stanford University's Graduate School of Business. Personal life. Williams is a native of Sacramento, California.
Bayou Hedge Fund Group. The Bayou Hedge Fund Group (1996-2006) was a group of companies and hedge funds founded and headed by Samuel Israel III. Approximately $450m was raised by the group from investors, who were defrauded from nearly the start with funds being misappropriated for personal use.
Harry M. Markopolos (born October 22, 1956) is an American former securities industry executive and a forensic accounting and financial fraud investigator.. From 1999 to 2008, Markopolos uncovered evidence that suggested that Bernie Madoff's wealth management business was a huge Ponzi scheme.
On January 9, 2006, the SEC “announced that Daniel Calugar and his former registered broker-dealer, Security Brokerage, Inc. (SBI), agreed to settle the SEC’s charges alleging that they defrauded mutual fund investors through improper late trading and market timing. As part of the settlement, Calugar will disgorge $103 million in ill-gotten ...
Coingate is a nickname for the Tom Noe investment scandal in Ohio revealed in early 2005 in part by Toledo, Ohio newspaper The Blade.The Ohio Bureau of Workers' Compensation (BWC) invested hundreds of millions of dollars in high risk or unconventional investment vehicles run by people closely connected to the Ohio Republican Party who had made large campaign contributions to many senior ...
In alternative investments, operational due diligence (ODD), is an investigation ( due diligence) into operational factors of alternative investment entities such as a hedge fund, private equity fund, or infrastructure fund. ODD has gained prominence over the past years due to the failure of hedge funds such as Amaranth Advisors and the Bayou ...
v. t. e. Securities fraud, also known as stock fraud and investment fraud, is a deceptive practice in the stock or commodities markets that induces investors to make purchase or sale decisions on the basis of false information. [1] [failed verification] [2] [3] The setups are generally made to result in monetary gain for the deceivers, and ...