(HedgeCo.Net)The Securities and Exchange Commission has charged the owner of a Manhattan-based alternative investment firm with misappropriating close to $6 million in investor funds earmarked to finance the construction of an international airport in Belize.

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Earlier today, Brian R.Callahan, 44, pleaded guilty to one count of securities fraud and one count of wire fraud for operating a $96 million Ponzi scheme through his various offshore investment funds.

It hasn’t needed terribly good management to prosper, either. It is this simple truth that leads the more perspicacious global analysts to conclude that the Australian economy is a "one-trick pony".

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A former manager of a New York hedge fund pleaded not guilty yesterday to illegally short selling shares of CompuDyne hours before the company announced a private share offering.. An indictment said that Hilary L. Shane, 39, bought shares for herself and her clients, agreeing to keep the offering secret until it was announced.

Belize Securities News Service from EIN News. Central Bank of Belize to begin charging APSSS Fees to local banks. October of 2016, The Central Bank of Belize first implemented the Automated Payments and Securities Settlement System (APSSS) to expedite the clearing time for check deposits.

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Guilty plea could mean long haul in Pa. prison Norman Mayewski, of Nanticoke, pleads guilty to 10 charges, including kidnapping, drug-related counts. sdelazio@timesleader.com. Assistant District Attorney Albert Yacoub said he’ll be asking the judge for a state prison sentence of three to six years when Mayewski is sentenced.

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New York fund manager pleads guilty to Belize airport scam A New York investment manager pleaded guilty on Wednesday to running a $ 21.9 million fraud in which he falsely told dozens of investors their.

Microsoft has seen a boost in phone sales thanks to Windows Phone 8. CEO Steve Ballmer, speaking at the company’s shareholder meeting, says the company sold four times as many Windows Phones as during.

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