Perimeter Chief Settles Over Alleged $4.5M Fraud

Law360, New York (July 20, 2011, 1:26 PM EDT) -- An investment manager settled with the U.S. Securities and Exchange Commission in Georgia on Tuesday over an alleged $4.5 million fraud, agreeing to pay a fraction of the $640,000 the agency said he pocketed.

U.S. District Judge Amy Totenberg wrapped up the SEC’s case against Kenneth Burnt, permanently enjoining the investment manager from violating the securities laws and requiring him to disgorge $51,000 of the money he made from the alleged scam.

“Based on Burnt’s sworn representations in his statement of financial condition ... and other...
To view the full article, register now.




Case Information

Case Title

Securities And Exchange Commission v. Burnt et al

Case Number



Georgia Northern

Nature of Suit



Amy Totenberg

Date Filed

December 20, 2010

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.