February 26, 2016
The Second Circuit affirmed a win for the U.S. Securities and Exchange Commission in its 10-year-old securities fraud case against Amerindo Investment Advisors Inc. and its co-founders, upholding a combined $55.1 million in disgorgement and $28 million in fines on Friday.
August 17, 2015
The Manhattan federal judge overseeing the U.S. Securities and Exchange Commission's fraud case against Amerindo Investment Advisors Inc. rejected the defunct financial firm's bid to have him remove himself, characterizing it Friday as the baseless product of counsel's unhappiness with his rulings.
June 12, 2014
A New York federal judge blocked an interlocutory appeal of part of a $55.1 million securities fraud judgment against Amerindo Investment Advisors Inc. on Wednesday, saying that getting the Second Circuit involved now would needlessly protract the litigation.
May 07, 2014
The U.S. Securities and Exchange Commission scored a $55.1 million disgorgement in New York federal court on Tuesday against defunct Amerindo Investment Advisors Inc. and its co-founders for diverting millions of dollars of investors' money into their own business and personal ventures.
April 21, 2014
An attorney representing two money managers who were convicted in 2008 of defrauding clients, accused JPMorgan Chase & Co. of stealing funds that had been seized during the scheme's collapse, according to a letter filed in New York district court Monday.
February 03, 2014
A New York federal court on Friday granted the U.S. Securities and Exchange Commission summary judgment on its remaining fraud claims against the co-founders of Amerindo Investment Advisors Inc. after taking into account a Second Circuit ruling in a separate criminal case against the two men.
March 08, 2012
A convicted money manager and his former colleague sought Thursday to dismiss a long-running civil suit in New York accusing them of diverting millions of dollars of investors' money into their own business and personal ventures.