Angelo issued a statement rejecting the SEC’s allegations. “Here, even though there was no wrongdoing by me, Yorkville, or its CFO Ed Schinik, the SEC needed to justify its lengthy and costly investigation,” said the Yorkville chief, in the statement. “We will not be victims of this free money shakedown and will vigorously defend against the SEC’s baseless allegations.”
Anyone can read the complaint and it is clear that this is anything other then a free money shakedown. The complaint states that he and his crew have lied over and over and over again. Does not sound like a free money shakedown, sounds like someone got busted with his hand in the cookie jar and crumbs all over his lips.
