SEC Accuses NY Private Equity Manager Of $9M Fraud

Law360, New York (January 31, 2014, 5:52 PM EST) -- The manager of New York private equity group Camelot Acquisitions Secondary Opportunities Management has been accused of stealing more than $9 million from investors, the U.S. Securities and Exchange Commission announced Thursday.

A New York federal court issued an emergency order to freeze the assets of both Lawrence E. Penn III and his company after the SEC filed a lawsuit detailing the allegations on Thursday. The complaint also names San Francisco businessman Altura S. Ewers, his company Ssecurion LLC, CASOM and its parent organization, The Camelot...
To view the full article, register now.




Case Information

Case Title

Securities and Exchange Commission v. Penn et al

Case Number



New York Southern

Nature of Suit



Valerie E. Caproni

Date Filed

January 30, 2014

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.