Share on Facebook Share on Twitter Share on LinkedIn Email a link to a friend

In the Margins

Thibeault pleads guilty to defrauding investors

March 16, 2016

By InvestmentNews

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.

 

 

Most Read

Top of the Agenda - Regulatory
In-person voting relief extended through year-end

Mutual fund boards can continue conducting business—including voting on contract approvals and renewals and other important matters—virtually through the end of 2020, according to the Securities ...
Top of the Agenda - Governance
Recruiting in the time of coronavirus

Mutual fund boards seem well on their way to mastering the art of conducting business virtually, but one area that may still be a challenge during ...