25.01.2008 Other Voices: SocGen fraud exemplifies how badly hedge funds need independent administrators
From Christopher J. Addy CA CFA, Entreprise Castle Hall Alternatives Inc. (www.castlehall.ca

...The trader, who according to Bloomberg made a salary and bonus combined of less than Euro100,000 a year, had apparently joined the trading floor from the firm's back office in 2006 and used that knowledge to manipulate Soc Gen's accounting systems to conceal his trades. Bloomberg reports that the

Print