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    Articles Cayman Islands Featured Fraud Investment Listed Securities USAOctober 22, 2012

    SEC accuses U.S. firm of swindling investors in Cayman Islands and Delaware hedge funds

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    By
    12 years ago

    Topics

    Cayman Islands Fraud Investment Listed Securities USA

    Keywords

    Clayton Parker Cornell Capital Edward Schinik Mark Angelo McGladrey & Pullen LLP
    YA Global Investments (U.S.), LP YA Global Investments, L.P. YA Offshore Global Investments, Ltd. Yorkville Advisors, LLC
    [ 4 more... ] [ top 5 ]

    Highlights

    • Defendants Yorkville Advisors, Mark Angelo and Edward Schinik 'overvalue assets and exaggerated losses' to boost fees
    • Defendants allegedly improperly received more than $10 m
    • Investors include 'pension funds and funds of funds', who put in over $280 m, says SEC

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