Thursday, August 9, 2007
When a Hedge Fund Manager does it, its fraud, when your bank does it, it’s business as usual for them and too bad for you
Howard K. Waxenburg, a onetime successful hedge fund manager, shot himself in the head in his home last month. Waxenburg ran a hedge fund that through the course of 15 years managed to accumulate more than $73.7 million from approximately 200 investors. Despite Waxenburg losing his job in the 1980's for deceiving and stealing from his employer at the time, his clients regarded him as an honest man and placed their trust as well as their money in him.