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Adviser Accused In $102M Ponzi Case Can Use Some Funds

Law360 (July 12, 2018, 5:02 PM EDT) -- An investment adviser whom the U.S. Securities and Exchange Commission has accused of helping perpetrate a $102 million Ponzi scheme can unfreeze some assets belonging to his other businesses, a New York federal judge ruled Wednesday, but the judge rejected a bid to access funds for attorneys’ fees.

U.S. District Judge John G. Koeltl partially heeded Perry Santillo and First Nationle Solution LLC’s challenge to the SEC’s bid for a temporary restraining order and preliminary injunction, allowing Santillo to open a new bank account in which...
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Case Information

Case Title

Securities and Exchange Commission v. Santillo et al


Case Number

1:18-cv-05491

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

John G. Koeltl

Date Filed

June 19, 2018

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