Home >> Absolute Return >> Archive - Landing Page >> Cornerstone found guilty of fraud

Cornerstone found guilty of fraud

November 16, 2007  



New York-based hedge fund Cornerstone Capital Management and its founder, Joseph Profit II, received lifetime injunctions from a Georgia court after the U.S. Commodity Futures Trading Commission charged both with fraud.

The court’s consent order, handed down on Nov. 14, found Profit guilty of falsifying profits in the Icon Fund, a hedge fund...

TAKE A FREE TRIAL

The full contents of this article are available to active AR subscribers and trialists only.

To continue reading please, take a free trial, subscribe or log in to AR.

Subscribe

Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.

Subscribe now



  1. Helping hedge funders cope with prison
  2. Market wizards or masters of mirage? Noted authors Schwager, Lack and Drobny to discuss at Symposium
  3. Caution from a short-seller: Earnings don't support the market’s ebullience
  4. Looking back on a $710,000 breakfast
  5. Michael Geismar’s $710,000 blackjack breakfast

Popular Searches on HFI