Action against Defendants, an investment adviser, his partner, and their three companies, for an alleged fraudulent investment scheme.  According to the SEC, Defendants operated funds that purportedly invested in healthcare and healthcare technology companies and provided false information regarding available fund reserves to solicit new investors.  The SEC also alleges that Defendant investment adviser caused the fund to pay him undisclosed management fees.  A parallel criminal case has been brought against Defendant investment adviser and Defendant partner.

SEC Complaint

SEC Litigation Release