SEC Atty Defends 'Slush Fund' Remark In Fraud Suit

Law360, New York (March 27, 2013, 3:50 PM EDT) -- A U.S. Securities and Exchange Commission attorney said Tuesday she did not mean for her statement in a press release about a lawsuit over an investment adviser's alleged "slush fund" fraud to interfere with the defendant’s right to a fair trial in a parallel criminal tax case.

In a complaint unsealed March 18, the SEC alleges that Gregg D. Caplitz and his firm, Wilmington, Mass.-based Insight Onsite Strategic Management, raised at least $1.1 million from clients while falsely claiming the money would be invested in a...
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Case Information

Case Title

Securities and Exchange Commission v. Caplitz et al

Case Number




Nature of Suit



Mark L. Wolf

Date Filed

March 15, 2013

Government Agencies

UK Financial Services

UK Financial Services

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