Action against Defendants, an investment fund and its principal, and relief defendant, the fund’s affiliate, for alleged fraud.  According to the SEC, Defendants solicited investor funds based on false claims of returns and other misrepresentations.  The SEC further alleges that Defendant principal misappropriated investor funds and issued false account statements to conceal the scheme.  Defendant principal has been charged in a parallel criminal case.

SEC Complaint

SEC Litigation Release