SEC Seeks $25M From Ex-NFLer's Investment Partner

Law360, New York (September 29, 2009, 3:39 PM EDT) -- On the heels of a settlement with former Dallas Cowboy Michael Kiselak, the U.S. Securities and Exchange Commission has asked a federal judge to order disgorgement of $25.2 million allegedly earned by Kiselak's investment partner Jeffrey Sykes in an investment fund Ponzi scheme.

The SEC filed a motion for final judgment Monday in the U.S. District Court for the Northern District of Texas to disgorge the full amount of funds investors allegedly lost due to the scheme and collect prejudgment interest and third-tier civil penalties from...
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