Mutual Fund Administrator Enabled $106M Scam, Suit Says

By Katryna Perera ( October 24, 2023, 8:43 PM EDT) -- A mutual fund administrator failed to live up to its oversight responsibilities when it disregarded red flags about an investment fund it provided services to, only to see the fund defraud investors out of more than $100 million and its manager be sentenced to four years in prison, a new suit alleges....

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