"Angry hedge fund clients at the gate; Investors confront Wayland manager" by Ross Kerber, Globe Staff | July 4, 2008
When investments go bad, angry investors sometimes write nasty letters to the people in charge. Others sue. This week Paul Omeara took things a step further.
Omeara broke into the Wayland home of hedge fund manager Michael C. Regan and stole a laptop computer and paper files in hopes of finding the $1.5 million he invested in Regan's troubled hedge fund, according to a police report and Regan's lawyer. Omeara, who didn't return phone messages, fled in an SUV, chased by a farm tractor.
The incident was the latest in a series of charged confrontations between Regan and investors, and another example of extreme lengths to which people have gone as high flying hedge funds and other investments crash to earth. Convicted hedge fund swindler Samuel Israel III faked his own death to avoid federal prison before turning himself in to Southwick police Wednesday after a three-week manhunt.
Last year, CIBC stock analyst Meredith Whitney received death threats from investors in a stock she had downgraded, Citigroup. Her marriage to the former professional wrestler known as Death Mask apparently proved no deterrent.
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I say HANG the SOB!!!
He wanted to die anyway, right?
Back in custody: Samuel Israel, the convicted founder of hedge fund firm Bayou Group LLC. (Steven Lee Miller/Bloomberg News)
