Thibeault pleads guilty to defrauding investors - 03/16/2016

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.

Share Feedback Post on LinkedIn Share Article

Most Read

Viewpoints
Conflicts of Interest: Fund officers and directors, service providers

Over the past several weeks, I have written articles exploring conflicts of interest that could challenge a variety of financial industry participants. Those articles explored potential ...

Top of the Agenda - Governance
With ETF share class go-ahead in sight, what's a board to do?

The Securities and Exchange Commission seems poised to grant exemptive relief to one of the earliest applicants seeking to offer an exchange-traded fund share class, just ...

Top of the Agenda - Regulatory
ICI pursues reforming, modernizing '40 Act

The Investment Company Institute this week made public a set of recommendations to reform and modernize the Investment Company Act of 1940, which has not been ...

Viewpoints
Conflicts of Interest: Securities broker-dealers

Securities brokerage firms are a critical part of the financial landscape, as they provide a vast array of products and services to the financial services industry, ...