SEC
Whistleblower
Attorneys

June 04, 2019

Deer Park Road Management Company LP, Scott Burg

Financial Fraud

SANCTION AMOUNT: $5,250,000

Defendants: Deer Park Road Management Company LP
Scott Burg

The entity Respondent, an investment adviser and private fund manager in the mortgage-backed securities space, and its chief investment officer agreed to settle charges of compliance deficiencies that contributed to false valuations of certain securities in its flagship fund. Traders allegedly were undervaluing securities/bonds and selling for a profit when needed, including by providing inaccurate information to a pricing vendor and then using the prices it got back for valuations.

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