August 28, 2006

Clarium Capital Hedge Fund Sued

It seems that hedge fund and controversy have become synonymous. We have been regularly updating you about the fraud cases involving hedge fund operations. Recently, I had written a post titled "Former Mayor Convicted in Hedge Fund Fraud" in this regard. Today, I came to know about another such case. An investor in Clarium Capital Management filed a suit, saying that it was defrauded out of returns for nearly a decade. Clarium Capital Management is a hedge fund headed by PayPal founder Peter Thiel. The lawsuit was filed in the US Court for the Northern District of California. It was filed by Cyprus-based Amisil Holdings Ltd. that seeks recovery of up to $18 million.

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What happened to Clarium Capital? Is it still in business?

Posted by: doug sysel | Oct 10, 2006 11:12:06 AM

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