Fraud with Funds?

Could a kind soul please summarize how Funds function?
I just have a "logical" feeling that there is a big potential for fraud with Funds.
I would like to learn more about the inner workings of Funds.
Thx
Could a kind soul please summarize how cars function?
I just have a "logical" feeling that there is a big potential for crashes with cars.
I would like to learn more about the inner workings of carcrashes.
Thx
 
I have to study all these links and more about frauds with Hedge Funds:
https://www.fbi.gov/about-us/investigate/white_collar/hedge-fund-fraud
https://www.hedgeco.net/news/category/hedge-fund-fraud
https://en.wikipedia.org/wiki/Madoff_investment_scandal
https://www.sec.gov/news/studies/2009/oig-509/exhibit-0293.pdf
...

But I'm more interested in how a hedge fund functions, how it operates, how it makes money, how it gets valued, etc.

Ok, as usual start asking aunt wiki first:
https://en.wikipedia.org/wiki/Hedge_fund
 
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