Founders of Fund Group Accused of Fraud

Article Abstract:

The SEC and NY Atty. Gen. Eliot Spitzer have charged PBHG founders Gary L. Pilgrim and Harold J. Baxter with giving special favors to two investors of their mutual funds and allowing them to benefit financially from in-and-out trading, a practice they denied other investors. Appalachian trails, an Avon, CT hedge fund, was created by Pilgrim in 1995 and traded in and out of the PBGH Growth Fund more than 90 times between Mar. 2000 and Dec. 2001. Other investors lost money during this time but Appalachian gained $13 million and earned $4 million of that for Pilgrim. Wall Street Discount Corp., a NYC discount brokerage firm, also received special treatment by Harold Baxter.

Investigations, Mutual fund industry, United States. Securities and Exchange Commission, Hedge funds, Securities trading, Pilgrim, Baxter and Associates, Spitzer, Eliot, Pilgrim, Gary L., Baxter, Harold J., Lederfeind, Alan, Discount Corp.

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For Scrushy, Vexed Jury Could Still Give Verdict

Article Abstract:

It seems that the jury in the fraud and conspiracy trial of HealthSouth Corp.'s Richard M. Scrushy is currently unable to come to a collective agreement.

Conspiracy

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In Birmingham, Richard Scrushy Is a Local Story

Article Abstract:

The defense will try to use former HealthSouth executive Richard M. Scrushy's local reputation to appeal to the jury in his fraud trial .

Similar abstracts:

• Abstracts: Mutual Fund Accused of Fraud In Rapid Trading by Managers. 4 Executives At Ahold Unit Are Indicted. Ex-Xerox execs settle SEC charges for $22M
• Abstracts: A Band-Aid for the Fund Industry's Broken Leg? Needing Cash, Veterans Sign Over Pensions. 2 Fund Groups Agree to Pay $450 Million To End Inquiry

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