SEC Drops Fund Trustees From $58M Ponzi Scheme Suit

By Hailey Konnath (November 28, 2022, 11:32 PM EST) — The U.S. Securities and Exchange Commission on Monday asked a Texas federal court to permit the commission to drop a trio of trustees from its suit alleging that an investment fund manager defrauded investors, saying that the trust has now returned substantially all its proceeds underlying the dispute….

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