ML-Implode News - $1.5 Million Sent in Error to "Vanished" Money Manager

Credit Suisse says it wired a total of $1.5 million in three transactions to the hedge fund's bank account on one day in January. Two weeks later, according to its lawsuit, the bank realized it had made a mistake: At the time of the wire transfers, the hedge fund, Galbraith Capital Investment Management, was winding down operations and it had no cash left in its account with Credit Suisse... People who know Mr. Galbraith, 42, who renounced his United States citizenship in 2011, say they think he is living with his second wife in Europe, possibly in Monaco.
Reached by a reporter recently via email, Mr. Galbraith said he had not been aware of the Credit Suisse lawsuit. In an email, he said the accusations against him were "ridiculous, bordering on laughable" and part of an effort to malign and slander his character.

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His hedge fund is also in a legal dispute with a computer technology company that contends it is owed more than $130,000 in fees.

Last month, the financial regulator in Monaco, a small principality on the French Riviera that is home to the superrich and celebrities, posted a warning on its website about a firm called Galbraith Capital. The warning advised investors not to do business with the firm, which it said "wrongly claims to have implanted offices in Monaco" and was engaged in "cold calling" potential customers.

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$1.5 Million Sent in Error to "Vanished" Money Manager