We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Hedge Fund Reps Took Broker-Dealer Bribes: SEC

Law360 (March 13, 2009, 12:00 AM EDT) -- The U.S. Securities and Exchange Commission filed a lawsuit Thursday alleging that two representatives of a hedge fund ran a complex bribery scheme that saw them receive at least $312,000 in personal services in exchange for directing trades to broker-dealers that provided the payments.

The suit, filed in U.S. District Court for the Southern District of New York, alleges that Brian Travis and Nicholas Peter Vulpis Jr. of hedge fund JLF Asset Management LLC received thousands of dollars in airline tickets, personal drivers and even a...
To view the full article, register now.
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.