March 30, 2016
Burrill Capital Management, LLC, G. Steven Burrill, Victor A. Hebert, Esq., Helena C. Sen
SANCTION AMOUNT: $6,060,000
Defendants: Burrill Capital Management, LLC
G. Steven Burrill, Victor A. Hebert, Esq., Helena C. Sen
Settlement of charges pertaining to alleged misappropriation of investor funds for personal expenses/lavish living, under the guise of "advanced" management fees. Scheme allegedly included misleading the investors in capital call letters about what the new money would be used for.
- Key Docs
- Official SEC press release