As of January 1, 2016, Gapers Block has ceased publication. The site will remain up in archive form. Please visit Third Coast Review, a new site by several GB alumni.
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Saturday, July 11

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Accounting fraud is nothing new. I mean everyone knows its soooo turn of the millennium. Still this instance of a misrepresented hedge fund is notable for two reasons. One, the shear dollar amount missing, half a billion bucks, and two, the fund is run by the former chairman of the Merc.

 
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