US - Hedge fund manager Gregory Bell and his firm Lancelot Management have been accused by national prosecutors of facilitating a multi-billion dollar Ponzi scheme allegedly operated by Minnesota businessman Thomas Petters.
A Securities and Exchange Commission complaint - filed in US District Court for the District of Minnesota - alleged that Gregory Bell and Lancelot Management invested more than US$2bn of clients' m...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here