WASHINGTON (AP) — The Supreme Court will decide whether venture capitalist Charles Kokesh has to return millions in investor dollars he used to pay himself and other advisers.
The justices recently said they will review lower court rulings that said Kokesh must pay the Securities and Exchange Commission $34.9 million in “ill-gotten gains” taken before his investment funds went broke.
Kokesh argues that the penalty falls outside a five-year statute of limitations.
Kokesh’s New Mexico-based operation was geared toward small investors and jump-started dozens of successful businesses.
He had argued that investors lost money because of the Great Recession rather than his business practices.
- Posted February 14, 2017
- Tweet This | Share on Facebook
Justices will hear venture capitalist's appeal over SEC fine
headlines Macomb
- Fall family fun
- MDHHS announces enhancements to improve substance use disorder treatment access
- Levin Center looks at congressional investigation of torture and mistreatment of war detainees
- State Unemployment Insurance Agency provides tips on how to stop criminals from stealing benefits
- Supreme Court leaves in place Alaska campaign disclosure rules voters approved in 2020
headlines National
- Professional success is not achieved through participation trophies
- ACLU and BigLaw firm use ‘Orange is the New Black’ in hashtag effort to promote NY jail reform
- ‘Jailbreak: Love on the Run’ misses chance to examine staff sexual misconduct at detention centers
- Utah considers allowing law grads to choose apprenticeship rather than bar exam
- Can lawyers hold doctors accountable for wasting our time?
- Lawyer suspended after arguing cocaine enhanced his cognition
