September 1, 2022/US SEC The Securities and Exchange Commission announced today that it filed charges against Ramas Capital Management, LLC (RCM), a Houston, Texas-based investment adviser, and Ganesh H. Betanabhatla, its managing partner, chief investment officer, and owner, for alleged misrepresentations and breaches of fiduciary duty to a privately-managed fund […]
Frauds & Scandals
SEC Charges Archer Capital Management Group, the Archer Growth Fund and Related Entities with Defrauding Investors
September 1, 2022/US SEC The Securities and Exchange Commission today charged Archer Capital Management Group, the Archer Growth Fund, and two related entities, HDR Management LLC and Silvermoon Group LLC, with operating a fraudulent scheme from December 2019 through December 2020 that raised approximately $2.6 million from at least 20 […]
SEC Charges Advisory Firm and Executives with Devising an Elaborate Scheme to Defraud Clients out of More Than $75 Million
August 30, 2022/US SEC The Securities and Exchange Commission today charged two North Carolina-based executives, Gregory E. Lindberg and Christopher Herwig, and their Malta-based registered investment adviser, Standard Advisory Services Limited, for defrauding clients out of more than $75 million through undisclosed transactions that benefited themselves and their companies. According […]
