September 25, 2014
Marlon Quan, Acorn Capital Group, LLC, Stewardship Investment Advisors, LLC, ACG II, LLC
SANCTION AMOUNT: $96,191,673
Defendants: Acorn Capital Group, LLC, Stewardship Investment Advisors, LLC, ACG II, LLC
Sanction consists of disgorgement and interest for funnelling money from hedge fund investors into Tom Petters Ponzi scheme (and collecting massive fees therefor). Estimated losses of over $220 million. Investors were lured by misrepresentations about the security of their investments, and defaults were concealed.
- Key Docs
- Official SEC press release