SEC Seeks Quick Win In Gryphon Fraud Case

Law360, New York (May 17, 2011, 3:58 PM EDT) -- The U.S. Securities and Exchange Commission asked a New York federal court Tuesday for summary judgment in a case against Gryphon Holdings Inc. and two of its executives who admitted to bilking clients out of $17.5 million in a parallel criminal case.

The SEC claims there is nothing left to be determined now that Gryphon owner Kenneth Marsh and purported trader Jeanne M. Lada admitted they hyped their investment advisory company as a Wall Street firm headed by a billionaire guru, when it actually was run...
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