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Securities

Mar. 3, 2011

SEC: Hedge Fund Manager Misused Funds

The Securities and Exchange Commission filed charges Tuesday against hedge fund manager Lawrence R. Goldfarb and his Bay Area company, Baystar Capital Management, LLC.


The Securities and Exchange Commission filed charges Tuesday against hedge fund manager Lawrence R. Goldfarb and his Bay Area company, Baystar Capital Management, LLC. The complaint alleges Goldfarb misused more than $12 million in Baystar proceeds, diverting it to various other companies he owned, including a real estate company called Island Fund and a San Francisco record company. Goldfarb, a former tax attorney with Milbank, Tweed, Hadley & McCloy LLP and Skadden, ...

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