SEC Settles Fraud Allegations Against Ex-NFL Star

Law360, New York (January 8, 2013, 5:17 PM EST) -- The U.S. Securities and Exchange Commission agreed Monday to settle its claims against former Detroit Lions receiver Michael Farr, who allegedly helped investment adviser Roy Dixon Jr. and his private equity firm steal $3.1 million from three Michigan pension funds.

In a motion filed in the Eastern District of Michigan, the SEC asked the court to sign off on a consent judgment with Farr, who is not admitting to aiding and abetting Dixon in the scheme to defraud pension funds. Under the consent agreement, both parties...
To view the full article, register now.




Case Information

Case Title

United States Securities and Exchange Commission v. Onyx Capital Advisors, LLC et al

Case Number



Michigan Eastern

Nature of Suit



Denise Page Hood

Date Filed

April 22, 2010


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.