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View Full Version : SEC says hedge fund used terminally ill patients in fraud - Financial Times



FraudNews
08-16-2016, 12:30 AM
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Financial Times (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNFAe80LvABtP0dpAWaJGdDLSTitKg&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779182577069&ei=vl6yV5DrIIfI3gHPp6LgDg&url=http://www.ft.com/cms/s/0/5b4a3186-632f-11e6-a08a-c7ac04ef00aa.html)


SEC says hedge fund used terminally ill patients in fraud (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNFAe80LvABtP0dpAWaJGdDLSTitKg&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779182577069&ei=vl6yV5DrIIfI3gHPp6LgDg&url=http://www.ft.com/cms/s/0/5b4a3186-632f-11e6-a08a-c7ac04ef00aa.html)
Financial Times
The alleged fraud centers around so-called survivorship options, also known as “death puts,” which allow bondholders to redeem securities at par plus accrued interest when the holder dies. The SEC says the surviving owner was in fact Mr Lathen's Eden ...

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