Securities and Exchange Commission v. Global Money Management L.P., et al.

Securities and Exchange Commission v. Global Money Management L.P., et al., 04-CV-00521-(BTM), U.S. District Court, Southern District of California

Global Money Management was a San Diego based hedge fund which raised nearly $100 million for an options-driven investment program, but ultimately evolved into a classic Ponzi scheme. Upon appointment as Receiver, we placed GMM in Chapter 11 Bankruptcy. The assets of its General Partner, LF Global Investments, were assembled through the receivership and transferred to the Bankruptcy Estate. The GMM Bankruptcy Estate ultimately returned $31.7 million to 200 approved investors representing 45% of their net losses.