September 07, 2018
A Connecticut federal judge gave the green light Thursday for the U.S. Securities and Exchange Commission to claw back almost $63 million from the wife and children of a former Oak Investment Partners executive who is on the lam over a $67 million fraud scheme.
June 20, 2018
The wife and children of a former Oak Investment Partners executive are fighting the U.S. Securities and Exchange Commission's demand for $89.4 million in assets over the family patriarch's $67 million fraud, telling a Connecticut federal judge Tuesday that the agency's motion "overreaches."
May 30, 2018
The U.S. Securities and Exchange Commission demanded $89.4 million Tuesday after winning a liability judgment against a former Oak Investment Partners executive over his $67 million fraud, arguing his wife should give up the assets she claims are her own to pay the proposed award.
June 28, 2017
The U.S. Securities and Exchange Commission and a former Oak Investment Partners executive-turned-possible-fugitive entered dueling bids for a quick ruling from a Connecticut federal court on Tuesday in the agency's fraud suit accusing him of cheating his firm and others out of tens of millions of dollars.
June 16, 2017
A former Oak Investment Partners executive who has been living in India while he fights off a U.S. Securities and Exchange Commission fraud suit asked a Connecticut federal court Friday to sanction a top Oak executive for allegedly telling repeated lies about him during a marathon deposition.
June 12, 2017
A fugitive former Oak Investment Partners executive accused of insider trading and fraud asked a Connecticut federal court on Sunday to unfreeze at least $35 million of his assets so he can pay for counsel, arguing that a recent U.S. Supreme Court ruling has shrunk the pool of assets that can legally remain frozen.
May 22, 2017
A potentially friendly looming Supreme Court decision helped the wife of fugitive former Oak Investment Partners moneyman Iftikar Ahmed win more time Monday in her effort to keep millions of dollars the U.S. Securities and Exchange Commission says should fund a potentially large fraud judgment against her husband.
May 16, 2017
The U.S. Securities and Exchange Commission and venture capital firm Oak Investment Partners asked a Connecticut federal judge on Monday to disregard a motion by former Oak partner Iftikar Ahmed and prevent him from making even more "frivolous" motions than his 43 so far this year.
April 04, 2017
An ex-Oak Investment Partners executive accused of defrauding the venture capital firm's investors of $27.5 million continued his fight in Connecticut federal court Tuesday to force his former employer to hand over documents, saying Oak's bid to strike the requests amounts to a "tails, I win; heads, you lose" arrangement.
February 27, 2017
An ex-Oak Investment Partners executive accused of defrauding the venture capital firm's investors of $27.5 million asked a Connecticut federal judge to force his former employer to hand over all documents pertaining to four more deals on Monday, arguing that the lack of disclosure handicaps him in his defense.