Ex-Gryphon Workers Strike Deal In SEC Fraud Case

Law360, New York (December 14, 2010, 5:28 PM EST) -- Two former Gryphon Holdings Inc. employees who already pled guilty to related criminal charges have settled a suit brought by the U.S. Securities and Exchange Commission over an alleged $17.5 million investment fraud led by Gryphon founder Kenneth Marsh.

Judge Jack B. Weinstein of the U.S. District Court for the Eastern District of New York handed down consent judgements Monday solidifying the SEC's settlement deals with former Gryphon sales and marketing representatives James Levier and Anthony Budion.

In the consent judgments, Levier and Budion did not...
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