SEC Blacklists Atty Over $37M Hedge Fund Ponzi Scheme

Law360, New York (February 27, 2014, 4:36 PM EST) -- The U.S. Securities and Exchange Commission on Thursday issued an order prohibiting Oregon attorney Robert Custis from appearing or practicing before the commission for his role in facilitating a Ponzi scheme that defrauded investors out of more than $37 million.

The commission said it had suspended Custis under Rule 102(e) of its Rules of Practice, which allows it to censure attorneys who are found to be “lacking in character or integrity” or who have willfully violated or helped others to violate federal securities laws.

The order...
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Case Information

Case Title

Securities and Exchange Commission v. Custis


Case Number

3:12-cv-01696

Court

Oregon

Nature of Suit

Securities/Commodities

Judge

Paul Papak

Date Filed

September 20, 2012

Government Agencies

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