A Prickly Hedge

Condon, Bernard
December 2005
Forbes Asia;12/26/2005, Vol. 1 Issue 9, p96
The article focuses on the hedge fund fraud involving Michael Lauer. The U.S. authorities say Michael Lauer built his $1.2 billion hedge fund on deceit and lies. But two and a half years after they shut him down, he still has not gone to trial. Lauer says he can not hire a lawyer to fight his myriad foes because he does not have the money. The U.S. Securities and Exchange Commission expected a trial in spring 2004; now it says it is not sure when one might start.


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