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Four sentenced in $170 million investing scam
PORTLAND Ore. (AP) - An offshore banking scam based in Grenada that cost thousands of U.S. and Canadian investors more than $170 million ended with federal prison sentences on Monday for four people some who now claim to be nearly penniless themselves.
INVESTING: Hedge funds vs. venture capitalists
Matt Krantz financial markets reporter at USA Today answers questions e-mailed to him at Q: Can you explain the difference between hedge funds and venture capital? A: Hedge funds are pools of money that largely fly under the radar of regulators. Since they only accept money from investors with plenty of cash to lose they’re allowed to invest in just about anything.
27 Aug 2007: Investing Ideas: Unimech moves up value chain
From 2003 to 2005 Unimech Group Bhd’s profitability saw only marginal improvement. Its net profit margins in those years inched up slowly from 4.5% to 6.3%.