Argyll Accused Of Running $16M Stock-Backed Loan Scam

Law360, New York (March 15, 2012, 5:40 PM EDT) -- The U.S. Securities and Exchange Commission on Thursday accused a unit of private equity investor The Argyll Group of orchestrating a stock-collateralized loan scheme that allegedly defrauded borrowers out of more than $16 million.

SW Argyll Investments LLC, doing business as Argyll Investments LLC, lured customers into trading stocks at a discount for a loan from Argyll, which then sold off the shares at full price to fund the loan and pocketed the difference, the SEC alleges in a complaint filed in California federal court....
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Case Information

Case Title

Securities and Exchange Commission v. SW Argyll Investments, LLC et al

Case Number



California Southern

Nature of Suit



M. James Lorenz

Date Filed

March 15, 2012

Government Agencies

UK Financial Services

UK Financial Services

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