In the last two days the SEC has filed two new cases against two more Utah-based companies and individuals who are alleged to have engaged in Ponzi Schemes. Continue reading
Thinking of investing in a hedge fund? Here are some tips for sniffing out potential fraud.
By ROB CURRAN
In the age of Madoff, small investors are rightfully leery of hedge funds with eye-popping returns and a low profile. But how do you size up the risk of fraud?
You might take some advice from professional investigators, who dig into hedge funds on behalf of potential institutional investors, searching for irregularities and trying to tell if the managers are trustworthy.
So, what warning signs do these investigators say you should watch for? Here are some of the biggest. Continue reading