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翻訳と辞書　辞書検索 [ 開発暫定版 ] スポンサード リンク Manhattan Investment Fund fraud ： ウィキペディア英語版 Manhattan Investment Fund fraud Manhattan Investment Fund was a hedge fund managed by Michael Berger, who pursued an investment strategy of betting against US stocks that appeared to be over-valued. During the stock market bubble of the late 1990s, this strategy led to about $400 million in losses on IT related products. Berger hid the losses from the investors in the fund for more than three years. This was considered a major financial scandal in that time.〔()〕 The Manhattan Investment Fund fraud resembled the Madoff fraud in certain respects. In both cases regulators failed to catch the fraud. The broker-dealer, a heavily regulated firm, enabled Berger to mislead his clients and the fund's administrator and auditor.〔Chidem Kurdas, "Does Regulation Prevent Fraud: The Case of Manhattan Hedge Fund," The Independent Review, Winter 2009, v.13. n.3.〕 After Bear Stearns, the fund's prime broker, complained to the Securities and Exchange Commission, the fund was shot down and a court-appointed trustee, Helen Gredd, was given control of the remaining assets.〔SEC Charges Hedge Fund and Its Adviser With Fraud, Securities and Exchange Commission Litigation Release No. 16412/ January 19, 2000 〕 The lawsuits from the fraud lasted many years, including a case by the trustee against Bear Stearns.〔()〕 Berger was charged with fraud, but he jumped bail and did not show up at the New York court where he was to be sentenced. After five years as a fugitive, he was arrested in Austria.〔U.S. Hedge Fund "Fugitive Berger Caught in Austria" By Philipp Grontzki and David Glovin, Bloomberg News, July 9, 2007. 〕 As an Austrian citizen he was not extradited to the US, where he would have faced a -year term for the fraud and another five years for jumping bail. He was in prison for almost two years in Austria. == References == 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Manhattan Investment Fund fraud」の詳細全文を読む スポンサード リンク 翻訳と辞書 : 翻訳のためのインターネットリソース Copyright(C) kotoba.ne.jp 1997-2016. All Rights Reserved.