The Department of Justice (DOJ) on Thursday announced criminal charges against the former chief investment officer and founder of New York-based investment adviser Infinity Q Capital Management for his role in a scheme to defraud investors by overvaluing derivative swap positions.
James Velissaris was also cited for lying to auditors and obstructing an investigation by the Securities and Exchange Commission (SEC) with the help of Infinity Q’s chief compliance and risk officer, according to the DOJ’s indictment. The chief compliance and risk officer was not identified.
