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
headlines National
- The business of successfully running an in-house department
- ACLU and BigLaw firm use ‘Orange is the New Black’ in hashtag effort to promote NY jail reform
- Justice Gorsuch writes children’s book about ‘Heroes of 1776’
- Companies use ‘deceitful tactics’ to market harmful ultra-processed products with ‘addictive nature,’ city’s suit alleges
- Lawyer accused of trying to poison her husband
- ‘Lawyers Gone Wild’? Filmmaker criticizes bar as he seeks ethics probe of serial killer’s daughter for alleged lie
