Former SEC Chairman Richard Breeden famously stated during his time leading the agency that it was his goal that securities fraudsters be “left naked, homeless, and without wheels.”
That is easier said than done, but FOX Business reports that last month, the DOJ was able to pull off the “without wheels” part in its case against Kenneth E. Marsh. The DOJ and the SEC have brought cases against Marsh alleging a $20 million-plus fraud at his investment newsletter company, Gryphon Holdings Inc.
