Spitzer sues hedge fund, adviser alleging fraud
November 16, 2006
New York Attorney General Eliot Spitzer filed suit Thursday against hedge fund Samaritan Asset Management Services Inc., Samaritan adviser Johnson Capital Management Inc. and their top officers, saying they engaged in a fraudulent mutual fund market-timing scheme. The defendants secretly “piggy-backed” their trades on the investment accounts of retirement plans that were customers of Arizona-based […]
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Enron: The Tale of Two Sentencings
October 19, 2006
The surprisingly lenient prison sentence given recently to Enron Corp. former Chief Financial Officer Andrew Fastow highlights the benefits of cooperating with federal criminal authorities. The coming sentencing of former Enron President Jeffrey Skilling is likely to demonstrate the dangers of fighting them. Mr. Fastow’s six-year prison sentence came after the disgraced executive helped federal […]
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