SEC
Whistleblower
Advocates

September 23, 2015

William B. Fretz, Jr., John P. Freeman, Covenant Capital Management Partners, L.P., Covenant Partners, L.P.

Offering Fraud

SANCTION AMOUNT: $6,830,510

Defendants: Covenant Capital Management Partners, L.P., Covenant Partners, L.P.
William B. Fretz, Jr., John P. Freeman

Settlement of allegations of fraud in sale of fund partnership interests to family and friends, with at least $1.6 million in investment funds misappropriated for managers' personal expenses and to support a separate, failing business. Some of that amount was allegedly taken in the form of performance fees that the managers paid themselves but had not earned.

Thank you for submitting some email to us.