May 13, 2022
A Manhattan federal judge on Friday sentenced Florida private equity manager Elliot Smerling to eight years in prison for defrauding two banks of over $140 million in order to bankroll a lavish lifestyle, faulting him for a "brazen" eight-year fraud.
February 08, 2022
Former Florida private equity captain Elliot Smerling on Tuesday copped to bank and wire fraud charges in Manhattan, telling a federal judge that he lied to banks and investors to secure $140 million for his JES Capital Group business.
June 17, 2021
A receiver administering the assets of a private equity fund whose CEO is accused of defrauding two banks of nearly $150 million told a Florida federal judge Thursday that he is working on a proposal for a novel joint receivership that would be overseen by federal judges in Florida and New York, where the CEO is facing both criminal charges and a civil suit.