Venture Capital Firm Wants In On Illarramendi Fraud Suit

Law360, New York (September 12, 2011, 3:49 PM EDT) -- Ventures Trust Management LLC sought Monday to intervene in a recovery suit against admitted Ponzi schemer Francisco Illarramendi in order to maintain its ability to pursue claims that NuScale Power Inc. defamed it to block a corporate finance deal.

The venture capital firm sought an order from the Connecticut federal court allowing it to intervene in the U.S. Securities and Exchange Commission's civil enforcement action, filed in January against Illarramendi and his companies Highview Point Partners LLC and Michael Kenwood Capital Management LLC. A receiver was...
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