June 05, 2024
A Connecticut federal judge is standing by his earlier decision refusing to release $50,000 in frozen assets to pay the attorneys of an investment adviser and his wife, who face a $5.9 million fraud suit from the U.S. Securities and Exchange Commission.
April 30, 2024
A federal judge in Connecticut said Tuesday that he planned to at least temporarily deny a request from an investment adviser and his wife to release $50,000 from purported personal accounts to pay attorneys after the U.S. Securities and Exchange Commission accused the adviser of wrongly pocketing $5.9 million from clients.
February 29, 2024
A federal judge in Connecticut has imposed additional protections after the U.S. Securities and Exchange Commission said an investment advisor accused of fraudulently raising $5.9 million lied about his reserves and claimed he could quickly repay clients, despite a previous injunction freezing assets in four Chase Bank accounts.
November 09, 2023
The U.S. Securities and Exchange Commission on Thursday accused a Connecticut-based investment adviser of fraudulently raising $5.9 million from several investors and misappropriating most of the money for personal use, such as mortgage payments on two homes he purchased with his wife.