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- Samsung's art slush fund
  Posted by SoxFirst
  Samsung chairman Lee Kun-hee set up a $225 million slush fund to buy art for his art museum director wife.
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- The hedge fund, the stripper and the missing millions
  Posted by SoxFirst
  In Canada, a hedge fund manager Paul Eustace made the wrong call on US interest rates, lied to investors, lost $208-million, stole about $2 million of client cash, cheated on his wife with a stripper for years and used investor money to give that stripper $1-million worth of gifts including breast augmentation surgery.
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- Gen Y and the looming funds management crisis
  Posted by SoxFirst
  Fund managers have ridden the coat-tails of the baby boomers, ignoring the next generation of clients and that could create enormous problems for the financial services industry.
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- School ties and investing
  Posted by SoxFirst
  Mutual fund managers invest more money in companies that are run by people with whom they went to college or graduate school than in companies where they have no such connections. The interesting part is that these investments do better than the other investments. That might be evidence of insider trading.
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- Constitutional challenge thrown out of court.
  Posted by SoxFirst
  The Free Enterprise Fund’s constitutional challenge to Sarbanes-Oxley has been thrown out of court. But the Fund’s legal team, led Kenneth Starr of Whitewater and Monica Lewinsky fame, says it will appeal.
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- Is SOX unconstitutional?
  Posted by SoxFirst
  Sarbanes-Oxley is totally unconstitutional says prosecutor Kenneth Starr. Starr, who lead the charge on Whitewater and Monica Lewinsky, is now heading up the constitutional challenge to the Public Company Accounting Oversight Board which will be heard by the courts this week.
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- Siemens bribery scandal grows
  Posted by SoxFirst
  The whining from auditors about getting liability caps is likely to get louder with news that troubled US mortgage finance company Fannie Mae is suing former auditor KPMG for $2 billion, close to 12 per cent of its revenues for 2006.
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SoxFirst
Member since Sep 2008
Leon Gettler is a blogger and senior business journalist at The Age, specializing on management issues. His latest book, Organisations Behaving Badly focuses on the forces that lead smart executives into making dumb decisions.
Melbourne

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