Gryphon Owner Settles With SEC Over $17.5M Fraud

Law360, New York (June 14, 2011, 1:18 PM EDT) -- The owner of Gryphon Holdings Inc. agreed Monday to summary judgment in a U.S. Securities and Exchange Commission suit in New York claiming he bilked investors of more than $17.5 million, following a guilty plea to criminal charges over the alleged scheme.

Under terms of the settlement, Kenneth Marsh, who pled guilty to securities fraud in a companion criminal case in May, will submit to an injunction enjoining him and his company from future securities law violations. The SEC also reserved the opportunity to seek disgorgement...
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Case Information

Case Title

Securities & Exchange Commission v. Gryphon Holdings, Inc. et al

Case Number



New York Eastern

Nature of Suit



Jack B. Weinstein

Date Filed

April 20, 2010

Government Agencies

UK Financial Services

UK Financial Services

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