September 21, 2016
An Oregon federal judge signed off Wednesday on a proposal from the receiver for an insolvent Oregon investment group under fire from the U.S. Securities and Exchange Commission for proposed sale terms for an affiliate fund, with a $12.2 million stalking horse bid from private equity firm Origami Capital Partners LLC.
March 11, 2016
The U.S. Securities and Exchange Commission has filed a lawsuit against an insolvent Oregon investment group and its executives, alleging that the executives turned the group into a $350 million Ponzi scheme after its investment in bankrupt Corinthian Colleges Inc. failed.