Hedge Fund Fraudster Seeks Review Of $3.8M Penalty

Law360, New York (February 15, 2011, 6:52 PM EST) -- Money manager John W. Lawton has asked a federal judge to reconsider a $3.8 million disgorgement order in a civil suit that claims he overstated his hedge fund's assets, charges to which he pled guilty in a related criminal case.

Lawton filed the motion to reconsider on Monday in the U.S. District Court for the District of Minnesota, saying his attorneys failed to properly represent him in the U.S. Securities and Exchange Commission's case against him, his investment firm Crossroad Capital Management LLC and his hedge...
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