UK's Serious Fraud Office Investigating Cayman Islands Hedge Fund

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UK’s Serious Fraud Office Investigating Cayman Islands Hedge Fund

On December 1, 2009, in Financial Services Authority, Hedge Funds, Investor Protection, Investors at Risk, Scams, Securities Industry (general), Serious Fraud Office, United Kingdom, by Investor's Watchblog

In the United Kingdom, the Serious Fraud Office (“SFO”) has the ability to file criminal charges against those suspected of engaging in financial fraud. Recently, the SFO announced that is conducting a criminal investigation of a hedge fund operated in the Cayman Islands, Dynamic Decisions Capital Management Ltd. (“Dynamic Decisions”). The SFO’s press release reads as follows:
The [...]

In the United Kingdom, the Serious Fraud Office (“SFO”) has the ability to file criminal charges against those suspected of engaging in financial fraud. Recently, the SFO announced that is conducting a criminal investigation of a hedge fund operated in the Cayman Islands, Dynamic Decisions Capital Management Ltd. (“Dynamic Decisions”). The SFO’s press release reads as follows:

The SFO opened the criminal investigation following a formal referral of the matter by the Financial Services Authority.

Complaints had been received by the SFO and the Financial Services Authority about Dynamic Decisions Capital Management Ltd in connection with a hedge fund operated in the Cayman Islands known as Dynamic Decisions Growth Premium Master Fund Ltd.

The SFO would like to hear from persons who believe they have any information that might help the SFO with its enquiries. The number to call is 0207 239 7388.

If you are an investor in this hedge fund, your first reaction will be denial. That is natural. The thought that you have invested in a fraud is troubling. You worry that the regulators are going to get in the way of what you consider a profitable venture. If the hedge fund is legitimate, though, nothing the regulators do can get in the way. If the promoters of the fund claim otherwise, it may be sign that they have something to hide.Call the SFO if you have invested in this fund. Whatever anyone else tells you, it can only help. If you are considering investing in any hedge fund, first get an investigative report by an investor protection company, someone who has seen enough frauds to tell the difference between the real thing and a professionally-designed fraud.