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13 Feb

SEC knew Collecting $14.5 mn Hedgie Ribotsky fine Would Fail

Ribotsky a few years ago when he had hair

N.I.R. Group hedge fund founder, Corey Ribotsky, filed for personal bankruptcy leaving a whopping $36 million of debt unpaid a year after he settled with the SEC for investor fraud. Today I am reporting for Growth Capitalist that court records allude to the notion that the government knew Ribotsky wouldn't be able to pay his multi-million dollar fine when they backed down from taking him to trial and agreed to a settlement in 2013. Long Island-native Corey Ribotsky ran a hedge fund that … Continue

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28 Jan

Plainfield Asset Mgt Investors Insulted by Ex- Hedgie Executive’s Cheap Cash Offer

Marc Sole former Plainfield Asset Mgt PM

A former top dog portfolio manager at hedge fund Plainfield Asset Management, Marc Sole, is using the funds of his new hedge fund to try and buy out remaining investors in the now defunct Plainfield for a discount. According to offer documents seen by this reporter Sole, who now works for $4 billion Hudson Bay Capital, offered investors in four liquidating Plainfield funds 52 cents on the dollar. The problem is investors say they never received a transparent valuation from Plainfield, or the … Continue

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24 Oct

Hedgie Greg Imbruce attempts to Hide Reporting after Enforcement Fine by CT Regulators

A Connecticut hedge fund manger under investigation by the Conn. Banking Commission for misleading his investors was fined and issued enforcement actions. News of the investigation into New Canaan resident, Greg Richard Imbruce, was first reported by me at Growth Capital Investor last year. Imbruce, who runs several Stamford-based energy-related investment funds under the umbrella […]

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18 Sep

The Seedy World of Microcap Stock Advisors

AJ Discala Brooklyn Courthouse July 2014

This reporting is dependent on reader donations. Please donate! The CEO of a merchant bank that helped fund dozens of micro-cap companies claims he is a target of regulatory overreach after he was indicted in late July on ten counts of criminal misconduct for his alleged role in pump and dump stock schemes. Abraxas J. […]

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8 Aug

Banker Peyton Patterson Won’t Pay Her Taxes

Peyton Patterson Bankwell

Peyton Reed Patterson, now former CEO of Bankwell, apparently doesn’t like to pay taxes. On Thursday the regional bank announced Ms. Patterson was quitting as CEO for personal reasons. This is two months after Matt Pilon of the Hartford Business Journal exposed the multi-millionaire banker for being a deadbeat with her creditors. In fact these […]

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24 Feb

NanoViricides Lab Building in Foreclosure Litigation

A biotech stock that recently raised $20 million in registered direct offerings came under pressure this month by a short sellers research report published at Seeking Alpha. Connecticut-based NanoVircidies has been the subject of multiple stories I reported for Growth Capitalist over the last six months detailing alleged miss-use of company assets and inaccurate statements […]

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17 Jan

Social Rejection?: Hedgie Steve Cohen Wants Out of East Hampton

Stevie Cohen Social Network

The world’s most infamous trader wants to get out of East Hampton, NY. Yesterday I reported for the New York Observer that Stevie Cohen, of SAC Capital, is trying to broker a private deal to sell a $60 million ocean front home he bought less than a year ago. His reasoning, according to a person […]

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