While we wait for an army of MF Global’s regulators to figure out how and who transferred trading clients’ money into the firm’s house accounts there is another issue that needs equal scrutiny. How did international brokerage house Jefferies convince institutional investors to buy over $600 million of secured and unsecured MF Global corporate debt […]
Continue5 Dec
Ribotsky out at NIR Group is Only a Rumor
There is a rumor floating around on investorshub that NIR Group founder Corey Ribotsky has resigned from the company. I looked into this on Friday and did not find any evidence to support it. The corporate filings with New York Secretary of State for NIR Group Asset Management still list Ribotsky as the controlling person […]
Continue1 Dec
Greenwich Powerball Trustees Are Starting a Hedge Fund
It looks like the newly minted mega-millionaire Belpointe Boys are getting adventures with all their new found fame. Rop Copeland at AR Magazine pointed out this week they’ve hired a trader with a fancy euro name, Herve van Caloen, to raise money and start a long short international equity fund. Maybe some of those Powerball […]
Continue23 Nov
PwC Says NIR Group Doesn’t Have Access to Dealer Market
NIR Group hasn’t had access to the broker dealer market since February. I reported this nugget of news last week for DealFlow’s The PIPEs Report after investors in the AJW Funds explained this is what court appointed Cayman Islands liquidator, PwC, is now telling them. If NIR founder, Corey Ribotsky, knew clearing firms and broker […]
Continue4 Nov
Why is NIR Group Selling Investments for Little Cash Down?
NIR Group is offering sweet deals to third party funds who will convert their PIPE notes for them. I reported on one of the firesale deals this week for DealFlow Media and am still left wondering why NIR is asking for so little money down. To read the details of the deal, based on transaction […]
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