SEC Wins Judgment In Convicted Fund Exec's $13M Fraud

Law360, Los Angeles (December 10, 2013, 6:25 PM EST) -- A New York federal judge granted the U.S. Securities and Exchange Commission summary judgment on Monday, in its civil claims against a former mutual fund executive convicted of defrauding investors of $13 million by claiming his fund owned stock in Facebook Inc. and Groupon Inc.

U.S. District Judge P. Kevin Castel found that John A. Mattera, former advisory board chair of Praetorian Global Ltd., had violated a freeze on his assets, causing Judge Castel to strike Mattera’s pleading. Without a response to the SEC’s allegations, Castel...
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Case Information

Case Title

Securities and Exchange Commission v. Mattera et al


Case Number

1:11-cv-08323

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

P. Kevin Castel

Date Filed

November 16, 2011

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