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 - Governance
Directors: Focus on prospectus for ESG funds

Environmental, social, and governance investing has been a huge topic of discussion in the mutual fund industry over the past several years, including in fund boardrooms. ...