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SEC, CFTC Target Investment Co. For $21M In Fraud

Law360 (August 3, 2007, 12:00 AM EDT) -- The U.S. Commodity Futures Trading Commission and the U.S. Securities and Exchange Commission filed two separate civil suits Wednesday against a Washington-based investment fund manager claiming the company defrauded millions of dollars from investors.

In a complaint filed in the U.S. District Court for the Western District of Washington, the SEC claimed Global Asset Partners LLP and its owner Joseph Lavin defrauded more than 100 customers out of more than $5 million. Meanwhile, the CFTC alleged in a separate complaint filed in the same court that...
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