Posts Tagged ‘David Einhorn’

Morgan Stanley, BlackRock Support Einhorn

February 9, 2012

In the past 12 months or so David Einhorn has been (more…)

Ares as Debt Investment

July 13, 2011

Chidem Kurdas

Ares Management is a Los Angeles-based debt specialist and private equity firm with $40 billion in assets that runs a Nasdaq-listed business development company in addition to private funds and accounts. (more…)

Madoff Joke: Whistleblower Travails

February 2, 2011

Chidem Kurdas

Financial fraud typically comes to light because someone complains. But as Harry Markopolos found out when he went to the US Securities and Exchange Commission with evidence against Bernard Madoff, complaining may not put an end to a scheme.  And then people say you’re a joke! (See below.)

Indeed, the whistleblower’s lot is typically not a happy one, in the experience of Sherron Watkins, the accountant who detected that little accounting issue at Enron.  (more…)

Paulson Stays with Gold

September 17, 2010

That is, NovaGold, the Canadian gold mining company that Paulson & Co. bought into early this year while launching a gold fund. Despite widespread talk of an expanding gold bubble, Paulson & Co. continues to own between 9% to 10% of NovaGold. (more…)

Short Seller’s Vindication; SEC Scandal

May 7, 2010

Chidem Kurdas

There is a frightening implication in the government’s settlement of fraud charges against a small-business lender called Business Loan Center and another business, both of which owned by Allied Capital, a business development company. (more…)