ICP Founder's Wife Kept In SEC Suit

Law360, New York (April 13, 2012, 6:48 PM EDT) -- A federal judge refused on Friday to toss a U.S. Securities and Exchange Commission case against the wife of ICP Asset Management LLC founder Thomas C. Priore, who allegedly defrauded investors in mortgage-backed securities, saying that she may have hidden money for him.

Lori Priore, who took control of her husband's houses in Martha's Vineyard, Mass., and Westchester County, N.Y., just before the SEC filed its fraud suit, had argued that the transfer was about estate planning, not putting Thomas Priore's money out of the SEC's...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Securities and Exchange Commission v. ICP Asset Management, LLC et al


Case Number

1:10-cv-04791

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Lewis A. Kaplan

Date Filed

June 21, 2010

Law Firms

Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.