May 24, 2017
SEC v. Francisco Illarramendi, Highview Point Partners, LLC and Michael Kenwood Capital Management, LLC
SANCTION AMOUNT: $26,844,834
Defendants: Highview Point Partners, LLC and Michael Kenwood Capital Management, LLC
Summary judgment granted to SEC on charges that defendant, former Connecticut-based fund manager Francisco Illarramendi, perpetrated a years-long Ponzi scheme to defraud investors, resulting in hundreds of millions of dollars in losses. The other defendants were entities owned or controlled by Illarramendi, the assets of which were placed in receivership for the benefit of victims.
- Key Docs
- Official SEC press release