October 06, 2014
Nikolai Battoo, BC Capital Group S.A., BC Capital Group Limited
SANCTION AMOUNT: $358,129,197
Defendants: BC Capital Group S.A., BC Capital Group Limited
Default judgment against hedge fund manager and two companies he controlled (in Panama and Hong Kong, respectively). Numerous investors defrauded worldwide, with over $400 million raised, including $200 million in the U.S., by false claims of exceptional risk-adjusted returns and concealment of huge losses. At least $49 million misappropriated to fund the manager's flamboyant lifestyle.
- Key Docs
- Official SEC press release