Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

SEC Trial Scorecard Update: Jury Finds 'Feeder' Liable in Florida Ponzi Scheme

Bruce Carton | April 17, 2015
This running SEC Trial Scorecard tracks the SEC's trials and outcomes for FY 2015. To date in FY 2015, which began on October 1, 2014, the SEC has now had five trials in federal court reach a verdict (see the full list below). The most recent verdict was reached on April 1 by a federal jury in the Southern District of Florida in the case of SEC v. Levin,  in which the SEC alleged that George Levin and another man named Frank Preve "provided the biggest influx of investor funds" into one of the largest-ever Ponzi schemes in South Florida. 
 
According to the SEC, Levin and Preve raised more than $157 million from over 150 investors in less than two years by issuing promissory notes from Levin's...
Buy this article for $49, or subscribe to Compliance Week for a month at $149 and get unlimited article access for 30 days.