investment banking firms

A number of other hedge funds have imploded. You will recognize the names of some of the investment banking firms that ran them: Bear Stearns, Dillon Reed, PNP Paribas and Russell Investments. Fraud was not an issue with these funds. They just lost billions of dollars (in the aggregate) of investors' money and closed down or restructured. Others are sure to follow

final judgments against Alfred Peep

A New York federal court has entered its final judgments against Alfred Peeper, who the SEC charged with running two separate market manipulation schemes. According to the regulator, Peeper, a resident of Spain, and his firms Oriental New Investments, and Orienstar Finance manipulated the common stocks of AbsoluteFuture.com and Wamex Holdings.
The court has ordered Peeper and the two companies to disgorge a total of $12.9 million in illegal trading gains along with prejudgment interest totaling just over $8 million.