James Nicholson, a Saddle River hedge fund manager accused of bilking investors of as much as $160 million, has tentatively agreed to plead guilty to charges his Westgate Capital Management LLC was a Ponzi scheme. A plea hearing is set for noon Friday in federal court in Manhattan, according to a court order signed by U.S.
Posts Tagged ‘S College’
Guilty Plea in Westgate Capital Ponzi Likely
December 11th, 2009 
Before You Invest 
Posted in Finance Fraud 
Tags: 5 Million, Attorneys, Capital Management Llc, Criminal Case, Currency Transactions, District Judge, Edwards, Federal Prosecutors, Guilty Plea, Hedge Fund Manager, Investment Adviser, James Nicholson, Mail Fraud, Manhattan, Ponzi Scheme, Redemption, Retirement, Richard Sullivan, S College, Saddle River 
No Comments »Oppenheimer Champion Income Fund — Wrong-Way Bets
January 28th, 2009 Before You Invest Oppenheimer’s Champion Income Fund sank 78.5 percent last year from incorrect-way bets tied to commercial mortgages, making it the worst performing taxable high-yield bond fund. Angelo Manioudakis, a portfolio manager who oversaw $16 billion in fixed-income assets, resigned on Dec. 12. Two investors filed complaints yesterday with the Financial Industry Regulatory Authority claiming the company misrepresented the fund’s risk.
Posted in Finance Fraud Tags: Airline Company, Annapolis Maryland, Commercial Mortgages, Employee Compensation, Financial Industry Regulatory Authority, Fixed Income, Fund Group, High Yield Bond, High Yield Bond Fund, Money Management Firm, Municipal Bond Fund, Municipal Bonds, Oppenheimer Fund, Oppenheimerfunds, Portfolio Manager, S College, Terror Attacks, Tobacco Companies, Wagers, Wrong Way No Comments »
