McGuireWoods Fraudster Evades SEC Penalty

Law360, New York (May 5, 2011, 1:02 PM EDT) -- The U.S. Securities and Exchange Commission decided Wednesday not to seek civil penalties against Louis W. Zehil, a former McGuireWoods LLP attorney sentenced in New York to three years in prison for operating a $17 million securities fraud scheme involving public equity transactions.

The SEC asked the court to lift the stay on the civil suit now that the criminal case is concluded and approve a consent judgment that bars Zehil from violating securities laws and satisfies the civil penalties with the $17 million forfeited in...
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Case Information

Case Title

Securities and Exchange Commission v. Zehil et al


Case Number

1:07-cv-01439

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Loretta A. Preska

Date Filed

February 28, 2007

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