Claris Law Legal Blogging Community

Editor: Debra G. Speyer, Esq.
Profession: Attorney

Category: Fraud in the News

Several prominent NFL Footballs players were scammed by a hedge fund. International Management Associates was a hedge fund based in Atlanta who defrauded 500 investors by providing reports that the Hedge Fund was doing much better than it actually was. In fact none of the assets they reported on their accounting filings can even be located. My law firm has handled a number of hedge fund fraud cases. Deep pockets can sometimes be a problem because if their has been a fraud, often times the assets in the hedge fund are gone. One then must look to other deep pockets which may or may not be available.

A hedge fund is a private investment limited partnership that invests in a variety of financial instruments. Hedge funds do not necessarily have to hedge. They are not as heavily regulated as for example mutual funds. Hedge funds have varying degrees of risk depending upon what the assets are invested in.