November 26, 2019/US SEC The Securities and Exchange Commission today revoked the registration of New York-based investment adviser International Investment Group LLC (IIG), which the Commission recently charged with securities fraud for hiding losses in its flagship hedge fund and selling at least $60 million in fake loan assets to […]
Frauds & Scandals
SEC Obtains Final Judgment Against Former S.A.C. Capital Portfolio Manager
November 21, 2019/US SEC On November 21, 2019, a federal district court in New York, New York entered a final judgment against Richard Lee, a former portfolio manager at S.A.C. Capital Advisors L.P., a former hedge fund management firm that was located in Stamford, Connecticut. The SEC previously charged Lee […]
SEC Obtains Final Judgment in Stock Manipulation Scheme
November 21, 2019/US SEC On September 17, 2019, the Honorable Kevin McNulty of the United States District Court for the District of New Jersey, entered final judgments on consent against Samuel DelPresto, his entity MLF Group, LLC, and Donald Toomer, Jr., for their roles in a market manipulation scheme. The […]
