Daily Archives: September 27, 2017, 4:53 pm

Lynn Tilton Wins SEC Fraud Trial She Had Worked Hard to Avoid – Bloomberg

SEC administrative law judge Carol Fox Foelak ruled in favor of Tilton over allegations that she and her firm, Patriarch Partners LLC, bilked investors out of more than $200 million. “It is concluded that the violations” alleged by the SEC are “unproven,” Foelak wrote in her ruling issued Wednesday. “Thus, the proceeding will be dismissed.” The decision follows a three-week trial…

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