PE Firms Settle $9M Fraud Case With SEC

Law360, New York (March 7, 2012, 3:07 PM EST) -- A group of private equity funds have settled U.S. Securities and Exchange Commission allegations that they bilked investors out more than $9 million, according to a filing in Missouri federal court Tuesday.

The firms consented to the entry of a permanent injunction enjoining them from future securities violations and agreed to pay disgorgement and civil penalties, according to the filing.

The private equity firms — Acartha Group LLC, MIC VII LLC, Acartha Technology Partners LP and Gryphon Investments LLC — settled the charges without admitting or...
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