SEC Sues Petters Connecticut Feeder Fund, Manager Over Alleged Fraud

Bloomberg – A Connecticut hedge fund and its manager were sued by the Securities and Exchange Commission for disgorgement of gains made while sending hundreds of millions of investors’ dollars to fraud scheme operator Thomas Petters.

The SEC complaint was filed today against Marlon Quan and his Greenwich, Connecticut-based Acorn Capital Group LLC. The complaint also names as a defendant Stewardship Investment Advisors LLC, another firm controlled by Quan.

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