SEC Wins Fraud Trial Against Ex-Apollo Exec

By Rachel O'Brien (September 24, 2020, 6:01 PM EDT) -- Following a nine-day bench trial, a New York federal judge Wednesday ordered a former Apollo Management LP executive to pay a $240,000 penalty for spending his clients' funds on swanky vacations, salon trips, high-end clothing and other personal expenses, ending the almost three-year U.S. Securities and Exchange Commission case....

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