List of Hedge Fund Fraud Cases
| Case Name | Case No. |
Year | Key Principals | Est. Size ($mm) |
| Madoff | n/a | 2008 | Bernie Madoff | $60,000 |
| Stanford | n/a | 2008 | Alan Stanford | $8,000 |
| Petters | No. 3 | 2009 | Thomas Petters, et al | $3,650 |
| AIJ | No. 5 | 2012 | Kazuhiko Asakawa, et al | $2,400 |
| Absolute Capital | 2007 | Florian Homm, et al | $2,100 | |
| MRI | 2013 | Edwin Fujinaga | $1,365 | |
| WG Trading | No. 6 | 2009 | Steven Walsh & Paul Greenwood | $1,300 |
| Millennium | No. 4 | 2008 | Michael Balboa | $844 |
| Weavering | No. 9 | 2008 | Magnus Peterson | $639 |
| K1 | No. 10 | 1996 | Helmut Kiener | $597 |
| Manhattan | 2000 | Michael Berger | $575 | |
| Bayou | No. 1 | 2005 | Sam Israel | $450 |
| Lake Shore | 2007 | Philip Baker | $312 | |
| Beacon Hill | 2002 | John Barry | $300 | |
| Scoop | 2009 | Arthur Nadel | $300 | |
| PAAMCo | No. 2 | 2005 | Paul Eustace | $278 |
| Westgate | No. 7 | 2009 | James Nicholson | $220 |
| Lancer | 2003 | Michael Lauer | $200 | |
| KL Group | 2003 | John & Yung Kim | $200 | |
| IMA | 2006 | Kirk Wright | $150 | |
| North Hills | No. 8 | 2009 | Mark Bloom | $30 |
“Hedge fund due diligence is the process of reviewing and monitoring the operation and
management of hedge fund managers. The objectives of due diligence are to identify
managers with whom to invest and to monitor those managers on an ongoing basis
in order to ensure that investing with them is appropriate for the interests of the investor.”
- Stephen J. Brown, David S. Loeb Professor of Finance, NYU Stern School of Business -
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