Investment Schemers To Pay $4M Penalties In SEC Suit

Law360, New York (November 17, 2011, 10:02 PM EST) -- A Florida federal judge on Wednesday ordered the managers of Imperium Investment Advisors LLC and a bankrupt hedge fund, accused of scheming to misappropriate $34 million from investors, to pay $3.7 million in penalties — the maximum requested by federal attorneys.

District Judge James D. Whittemore's order approved the maximum third-tier civil penalties requested by the U.S. Securities and Exchange Commission in its suit accusing the hedge fund and investment advisory group managers of commingling investor money from three separate investment offerings between April 2008 and...
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Case Information

Case Title

Securities and Exchange Commission v. Buckhannon et al


Case Number

8:10-cv-02859

Court

Florida Middle

Nature of Suit

Securities/Commodities

Judge

James D. Whittemore

Date Filed

December 20, 2010

Government Agencies

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