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$62M disgorgement for Lauer in SEC case
Internal Administrator
Posted: Saturday, August 13, 2011
Joined: 10/12/2010
Posts: 5780


Posted: 5/8/2009 5:52:25 PM

By: jurisper

http://www.sec.gov/news/press/2009/2009-106.htm

SEC has 30 days to propose an additional penalty amount.

Receiver may now transfer frozen assets. These don't amount to more than a few million; the $62M (plus penalty) figure is pretty much notional.

As of Apr 30, the receiver was holding about $35M in cash, and about $23M in securities. Payments to then for professional fees etc etc etc came to about $39M.

Citco is the remaining deep-pocket defendant.


 

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