{"id":66058,"date":"2018-10-05T00:21:53","date_gmt":"2018-10-05T04:21:53","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=66058"},"modified":"2018-10-05T00:21:53","modified_gmt":"2018-10-05T04:21:53","slug":"court-enters-64-million-judgment-against-investment-professional","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2018\/court-enters-64-million-judgment-against-investment-professional.html","title":{"rendered":"Court Enters $64 Million Judgment Against Investment Professional"},"content":{"rendered":"<p>(HedgeCo.Net) A federal district court in Connecticut has ordered a Greenwich, Connecticut investment professional charged by the Securities and Exchange Commission with fraudulently diverting tens of millions of dollars from the venture capital funds he advised, to pay over $64 million.<\/p>\n<p>The final judgment ordered Iftikar Ahmed to pay $41.9 million in disgorgement, $1.5 million in interest, and a $21 million civil penalty, and turn over interest and returns on frozen assets. The SEC had previously obtained a court-ordered asset freeze and preliminary injunction restraining Ahmed&#8217;s assets as well as those of his wife, who was named by the SEC as a relief defendant. In doing so, the court found that the &#8220;assets belong to Mr. Ahmed and were placed in the names of Relief Defendants as nominees only, in an effort to protect and hide the fraudulently obtained assets.&#8221; The judgment also prohibits Ahmed from violating the anti-fraud provisions of the Securities Act of 1933, the Securities Exchange Act of 1934, and the Investment Advisers Act.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(HedgeCo.Net) A federal district court in Connecticut has ordered a Greenwich, Connecticut investment professional charged by the Securities and Exchange Commission with fraudulently diverting tens of millions of dollars from the venture capital funds he advised, to pay over $64 [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,3,16048,16047],"tags":[],"class_list":["post-66058","post","type-post","status-publish","format-standard","hentry","category-hedgeco-networks-press-releases","category-hedgeco-news","category-hedgecovest-news","category-insider-trading-2"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/66058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=66058"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/66058\/revisions"}],"predecessor-version":[{"id":66059,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/66058\/revisions\/66059"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=66058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=66058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=66058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}