Split 2nd Circ. Frees Ex-Apollo Exec From SEC Fraud Fine

By Elliot Weld (March 13, 2024, 1:41 PM EDT) -- A split Second Circuit panel on Wednesday released a former Apollo Management senior partner from a $240,000 civil penalty in a U.S. Securities and Exchange Commission suit alleging he used phony expense reports to fund a lavish lifestyle, saying there was no way for him to know that his customers would ultimately be charged....

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