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.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 2003
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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.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 2005
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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 .
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 2005
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- 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
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