Hedge Fund Moore Capital Involved in Insider Trading
Not too long ago, the whole world was shocked about the news on the largest ponzi scheme ever created in the case of the hedge fund Bernard L. Madoff Investment Securities LLC which was being chaired by no other than Bernard Madoff.
Today, another hedge fund company is under scrutiny for alleged insider trading. Apparently, a hedge fund compny operating in London named “Moore Capital” is involved in massive insider trading.
Accordingly, British regulators raided Moore Capital’s London Officed on Tuesday, March 23, 2010 and arrested one of its traders, a worker at Deutsche Bank, and four other people, all of which are allegedly involved in the insider trading scheme.
Moore Capital is a $14-billion hedge fund founded by Louis Moore Bacon in the 1980s and it’s one of th most recent companies involved in insider trading according to Financial Services Authority and the Serious Organised Crime Agency.