SEC Wants $32M From Founding Partners Exec

Law360, New York (May 4, 2011, 6:52 PM EDT) -- The U.S. Securities and Exchange Commission said Wednesday that a Florida financier should pay $31.8 million under the consent judgment he entered to end his involvement in the $550 million fraud lawsuit against him and his company Founding Partners Capital Management Co.

The agency asked a Florida federal court to require William Gunlicks to pay more than $28 million in disgorgement, more than $2 million in prejudgment interest, and a civil penalty of $1 million in its suit accusing the financier and Founding Partners of lying...
To view the full article, register now.




Case Information

Case Title

Securities and Exchange Commission v. Founding Partners Capital Management, Co. et al

Case Number



Florida Middle

Nature of Suit



John E. Steele

Date Filed

April 20, 2009

Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.