TITLE

A Plague on All Their Houses

AUTHOR(S)
Vardi, Nathan
PUB. DATE
December 2008
SOURCE
Forbes Asia;12/8/2008, Vol. 4 Issue 21, p38
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the hedge fund schemes devised by the hedge fund manager Gregory Bell and bet it on the plan by Thomas Petters. Bell posted healthy paper returns since 2003 but U.S. officials said that it is a trail of bogus orders and fake invoices. Petters was arrested before he could flee the country and his company by then, rely on capital from hedge funds amounting to $3.3 million based on the claims in bankruptcy proceedings involving Petters entities.
ACCESSION #
35875759

 

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