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...
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