SEC
Whistleblower
Advocates

July 01, 2015

AlphaBridge Capital Management, LLC, Thomas T. Kutzen, Michael J. Carino

Financial Fraud

SANCTION AMOUNT: $5,000,000

Defendants: AlphaBridge Capital Management, LLC
Thomas T. Kutzen, Michael J. Carino

Respondents are an investment advisory firm and its two owners. The Commission found that they fraudulently inflated the prices of securities in hedge fund portfolios they managed, by telling investors and the firm's auditor that they used independent price quotes from broker-dealers for certain unlisted, thinly-traded RMBS, while they had actually given these valuations - which were interally-derived - to the B-Ds to pass off as their own.

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