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Re: Frayed Knot post# 16269

Thursday, 05/03/2018 12:04:52 PM

Thursday, May 03, 2018 12:04:52 PM

Post# of 17198
It appears CNXS/Huss’s fave toxic funder just can’t stay out of trouble:

...Hicks and the Southridge Entities defrauded their investors by promising investors that at least 75% of their money would be invested in unrestricted shares, but failing to keep that promise and instead investing in so many illiquid securities that they were unable to satisfy redemption requests; and b) significantly overvaluing the largest investment of the funds they controlled...

https://www.sec.gov/litigation/admin/2018/34-82767.pdf