Rich & Intelisano, LLP pioneered the practice of representing groups of individuals and institutions in customer arbitrations related to hedge fund fraud. Starting in 2005, the Firm represented investors who lost over $25 million in the $250 million Bayou hedge fund, the first widely covered hedge fund Ponzi scheme run by Sam Israel. Israel was later sentenced to 20 years in prison and attempted to fake his own suicide. In 2006, the Firm filed a multi-million dollar group arbitration at the American Arbitration Association (AAA) versus a registered investment advisor for failing to do proper due diligence related to Bayou. It is reportedly the first group arbitration filed against a financial firm related to hedge fund fraud. The case resolved in mediation in 2007. The Firm also presently represents the entire Bayou bankruptcy estate in a $20 million FINRA claim against Goldman Sachs.

The Firm presently represents investors who lost over $50 million in group arbitrations at FINRA against Bear Stearns related to the Bear Stearns High Grade Structured Credit Strategies hedge funds which blew up in July 2007.

The Firm also currently represent groups of investors in arbitration claims against investment advisors and financial consultants for failing to do proper due diligence in their recommendation of Bernard Madoff-related feeder funds.

The Firm also represents numerous investors in substantial arbitrations against Citigroup related to the ASTA/MAT and Falcon funds.

In 2005, the Firm obtained favorable settlements on behalf of clients who invested with Kevin Kelley, a Connecticut hedge fund owner and Ponzi scheme artist.

In 2006, partner Ross B. Intelisano published, Hedge Fund Fraud - The Future of Securities Arbitration? in Bloomberg Law Reports - Securities Arbitration. Said article predicted one year prior to the Bear Stearns High Grade Funds blow up and two years prior to the Citigroup hedge funds debacle that broker-dealers would roll out proprietary hedge funds that were bound to blow up in the future which would cause customer arbitrations against broker-dealers.