Internet phone provider Vonage's initial public offering hasn't done so well. How bad is it? So bad that customers who bought the stock are suing. Kai speaks with James Granelli of the Los Angeles Times.
A college student pleaded guilty yesterday to charges he conned investors into pouring millions into a bogus hedge fund named for the mythical architect who confounded many a Greek with his complex labyrinth. Stacey Vanek-Smith reports.
Internet phone company Vonage has struggled since it went public. It offered customers a chance to buy into its IPO early, and now says it will hold them to that deal — even though the stock has dropped 13%. Lisa Napoli reports.
Bayou Management made headlines last fall when its founder and CFO came out of hiding and admitted he defrauded investors. Sarah Gardner reports on what the bankruptcy of the hedge fund means to the industry.