NJ Sues Investment Firm for $12M Securities Fraud

Law360, New York (August 9, 2012, 7:56 PM EDT) -- A Jersey City, N.J.-based investment firm and its executives fraudulently sold $12 million in securities and overstated their fund's value to pump up management fees and hide losses, New Jersey authorities allege in a civil suit filed Tuesday.

While they were selling those unregistered securities issued by Osiris Fund Limited Partnership, the executives of Osiris Partners LLC, including Chairman Peter Zuck, also failed to disclose the fact that Zuck was previously convicted for securities fraud and misconduct by a corporate officer, theft by failing to make...
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