Calif. Venture Capitalist Charged With $100M Fraud

Law360, New York (December 5, 2008, 12:00 AM EST) -- Federal authorities have accused a Silicon Valley venture capitalist of engaging in securities fraud to obtain tens of millions of dollars in loans to support a lavish lifestyle, pay off gambling debts and fund a $25 million stake in a professional hockey team.

William J. “Boots” Del Biaggio III has settled charges with the U.S. Securities and Exchange Commission, agreeing to comply with a civil injunction and pay civil penalties and disgorgement in an amount that the court will determine later, authorities said Thursday.

Del Biaggio,...
To view the full article, register now.

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.