Gryphon Management Partners III LP

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    SEC accuses Bermuda hedge fund of $6.5 m fraud

    A Bermuda-domiciled hedge fund is being sued by the United States Securities and Exchange Commission for an alleged $6.5 million securities fraud. The complaint against the Gryphon hedge fund group was filed at the U. S. District Court for the Southern District of New York on December 12, 2006.