If you are interested in the various ways hedge funds are used by major sociopaths to get ever richer, this is an article for you.
In contrast to most Wall Street scams, the hedge fund boys may risk the ire of enough powerful people among the capitalist elites to actually see prison time--you know, like Bernie Madoff who went about screwing other rich people. Although hedge fund scams rob from everyone, the rich players are most directly affected.
I like the author's final statement:
It’s not enough to get tougher sheriffs to stop the cheating. We’ll need to wipe out the entire casino if we want to get out of Dodge alive.