N.Y. A.G. James Obtains Injunction Against 'Self-Dealing' Private Equity Fund Manager Who Committed 'Outright Fraud,' According to Court
February 08, 2020
February 08, 2020
ALBANY, New York, Feb. 8 -- New York Attorney General Letitia James issued the following news release:
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- Court Agrees with AG James and Says ACP Was "Utilized as Piggy Bank to Fund a Failing Broker-Dealer, Its Failing Parent, and [Managing Partner] Mr. Allen"
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New York Attorney General Letitia James announced her office has obtained an injunction protecting investors in private equity fund ACP X, LP (ACP) from further harm . . .
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- Court Agrees with AG James and Says ACP Was "Utilized as Piggy Bank to Fund a Failing Broker-Dealer, Its Failing Parent, and [Managing Partner] Mr. Allen"
* * *
New York Attorney General Letitia James announced her office has obtained an injunction protecting investors in private equity fund ACP X, LP (ACP) from further harm . . .