The former chief compliance officer of Infinity Q Capital Management helped the founder of the investment adviser conceal a $1 billion overvaluation fraud scheme, according to the Securities and Exchange Commission (SEC).

Scott Lindell, who also formerly served as chief risk officer, head of operations, portfolio manager, and a member of the valuation committee at Infinity Q, agreed to settle with the agency. The SEC’s complaint, filed Friday in U.S. District Court for the Southern District of New York, charged Lindell with violating multiple securities laws in addition to aiding and abetting Infinity Q’s alleged violations of the Advisers Act.

The settlement is subject to court approval; determinations regarding disgorgement, prejudgment interest, civil penalties, and whether to impose an officer-and-director bar will be made by the court later.