NY Hedge Fund Manager To Pay For Fraud Charges

Law360, New York (December 15, 2011, 1:14 PM EST) -- A Monticello, N.Y., hedge fund manager agreed to fines and an injunction Tuesday in a U.S. Securities and Exchange Commission suit accusing him of lying to investors about the financial health of commercial real estate holdings, and still faces pending criminal charges.

Lloyd Barriger consented to the final judgment filed Tuesday in New York federal court, waiving his rights to fact-finding and appeal, and will disgorge the money he made in the scheme in addition to paying a civil penalty to be determined by the court,...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

U.S. Securities and Exchange Commission v. Barriger


Case Number

7:11-cv-03250

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Cathy Seibel

Date Filed

May 13, 2011

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.