Investment Firm Ordered To Pay Up

Law360 (May 18, 2007, 12:00 AM EDT) -- A Massachusetts district court has issued final judgment in the case of imprisoned money manager Bradford Bleidt, requiring him to shell out over $40 million to the investors he allegedly defrauded.

Judge Nancy Gertner of the U.S. District Court for the District of Massachusetts entered the judgment on May 8, enjoining Bleidt and Allocation Plus Asset Management Co. Inc., his former investment firm, from future violations of the Securities Exchange Act and ordering them to pay $31.7 million in restitution as well as $9.5 million in...
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