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Mark (Meir) Nordlicht (born 1968) is the founder and former chief investment officer of (now defunct) Platinum Partners, a U.S. based hedge fund, which came to be known for its unusual investment strategies becoming the subject of a series of controversial criminal and legal actions. [1] [2] According to an indictment, Nordlicht, in addition to ...
On June 16, 2009, Judge Burton Lifland approved the settlement between Picard and Banco Santander SA's Optimal Investment Services. The Optimal SUS fund, one of Madoff's largest feeder funds, agreed to pay $235 million, about 85% of the $285 million that the Geneva-based hedge fund group redeemed in the 90 days before Madoff was arrested. As of ...
2011–12 Los Angeles Dodgers ownership dispute. The 2011–12 Los Angeles Dodgers ownership dispute was a period of turmoil at the management level of the Los Angeles Dodgers organization, which began when Major League Baseball (MLB) seized control of the team from owner Frank McCourt on April 20, 2011. The following dispute over ownership of ...
Amaranth Advisors. Amaranth Advisors LLC was an American multi-strategy hedge fund founded by Nicholas M. Maounis and headquartered in Greenwich, Connecticut. [1] At its peak, the firm had up to $9.2 billion in assets under management before collapsing in September 2006, after losing in excess of $6 billion on natural gas futures. [1]
The hedge fund lost $3.3 billion, representing more than half its assets, in the Madoff investment scandal. When the scheme was uncovered in December 2008, Brad Alford, who runs Alpha Capital Management LLC, which helps clients choose hedge funds, said: It's mind-boggling that people like Tremont ... had been doing this for so long.
Wire fraud. Money laundering. Penalty. 20 years imprisonment. Marc Stuart Dreier (born May 12, 1950) is an American former lawyer who was sentenced to 20 years in federal prison in 2009 for committing investment fraud using a Ponzi scheme. He is scheduled to be released from FCI Sandstone on June 30, 2025.
In February, the center filed for Chapter 11 bankruptcy after reportedly discovering founder Leo Govoni loaned himself $100 million over more than a decade and never repaid it.
Founded in 1939, [4] Neuberger Berman is a privately held asset management firm, which is 100% [5] [6] owned by its employees. It serves pension plans, charitable organizations, sovereign wealth funds and other institutions, as well as high-net-worth individuals and mutual fund investors, both directly and through financial intermediaries and ...