Daniel Thibeault, former CEO of the GL Capital Partners, has pleaded guilty to criminal charges he defrauded fund investors of $15 million, according to the Securities and Exchange Commission. Thibeault used money in the GL Beyond Income Fund to make fictitious consumer loans, the SEC said. He also pleaded guilty to obstruction of justice for making numerous false statements to the agency's staff during their investigation of the scheme he began in 2013 or earlier. Read the original story from InvestmentNews.