ICP Exec Agrees To Injunctions In Fraud Case

Law360, New York (July 6, 2010, 12:44 PM EDT) -- Aamer Abdullah, the former head of ICP Asset Management LLC's mortgage-backed securities desk, has agreed to a judgment against him, including a permanent injunction against engaging in the types of transactions that allegedly defrauded collateralized debt obligations of tens of millions of dollars.

Abdullah will have to refrain from securities violations and potentially disgorge ill-gotten gains and pay a civil penalty, according to a judgment entered Friday in the U.S. District Court for the Southern District of New York.

Together with ICP President Thomas Priore, Abdullah...
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