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SEC brings fraud charges against Tennessee investment adviser

  • Sutherland Asbill & Brennan LLP
  • -
  • USA
  • -
  • May 7 2009

The SEC brought fraud charges against Gordon B. Brigg, an investment adviser located in Nashville, Tennessee

Congress passes legislation which will require contractors to self-report violations of criminal and civil laws

  • Sutherland Asbill & Brennan LLP
  • -
  • USA
  • -
  • July 8 2008

The United States government continues to take steps to strengthen the Federal acquisition regulations (“FAR”) to address concerns about contractor fraud and abuse in connection with the award and performance of its Federal contracts

Hedge fund manager barred from advisory industry

  • Sutherland Asbill & Brennan LLP
  • -
  • USA
  • -
  • November 6 2009

The SEC brought an administrative action against William A. Huber (Huber) finding that Huber and Hubadex, Inc. (Hubadex), defrauded investors in three pooled investment funds (the Funds) by making false and misleading statements to them about the total assets under management, the returns generated by private funds managed by Huber, and the individual investors’ account balances and gains

SEC obtains permanent injunction against hedge fund and its investment adviser for fraud in Minnesota

  • Sutherland Asbill & Brennan LLP
  • -
  • USA
  • -
  • August 4 2009

The SEC obtained a permanent injunctive order against Paramount Partners, LP (Paramount), a hedge fund, Crossroad Capital Management, LLC (Crossroad), Paramount’s investment adviser, and John W. Lawton (Lawton), who ran Crossroad

Generator of fraudulent renewable fuel credits found guilty in federal court

  • Sutherland Asbill & Brennan LLP
  • -
  • USA
  • -
  • June 25 2012

In the first ever criminal prosecution associated with fraudulently generating renewable fuel credits known as Renewable Identification Numbers (RINs), on June 25, 2012, a jury in the U.S. District Court for the District of Maryland found Rodney Hailey, owner of Clean Green Fuel, LLC guilty on 42 criminal counts stemming from the sale of more than 32 million fraudulent RINs

Interagency Financial Fraud Enforcement Task is established

  • Sutherland Asbill & Brennan LLP
  • -
  • USA
  • -
  • December 7 2009

President Barack Obama has established by Executive Order an interagency Financial Fraud Enforcement Task Force to strengthen efforts to combat financial crime

SEC Chairman Schapiro states SEC “missed numerous opportunities to discover” Madoff fraud

  • Sutherland Asbill & Brennan LLP
  • -
  • USA
  • -
  • October 2 2009

The SEC released the Executive Summary of the Inspector General’s report on why the agency failed to detect Bernard Madoff’s fraud

No SLUSA protection absent material connection with salepurchase of covered security

  • Sutherland Asbill & Brennan LLP
  • -
  • USA
  • -
  • March 3 2014

In Chadbourne & Parke LLP v. Troice, the U.S. Supreme Court held on February 26, 2014, that the victims of Allen Stanford's multibillion-dollar Ponzi

SEC charges New York City-based investment adviser, its executives, and affiliated broker-dealer with fraud

  • Sutherland Asbill & Brennan LLP
  • -
  • USA
  • -
  • December 7 2009

The SEC charged New York City-based investment adviser Value Line Inc.; its CEO, Jean Buttner; its former Chief Compliance Officer (CCO), David Henigson; and its affiliated broker-dealer, Value Line Securities, Inc. (VLS), with defrauding the Value Line family of mutual funds by charging more than $24 million in bogus brokerage commissions on mutual fund trades funneled through VLS

Head of two Connecticut-based hedge fund advisers to pay more than $62 million in fraud case

  • Sutherland Asbill & Brennan LLP
  • -
  • USA
  • -
  • June 3 2009

U.S. District Judge Kenneth Marra for the Southern District of Florida found that Michael Lauer, the head of Lancer Management Group and Lancer Management Group II, two Connecticut-based hedge fund advisers, must pay more than $43.6 million and more than $18.9 million in prejudgment interest