SEC
Whistleblower
Attorneys

October 26, 2017

Augustine Capital Management, LLC, John T. Porter, Thomas F. Duszynski

Financial Fraud

SANCTION AMOUNT: 1003306.1

Defendants: Augustine Capital Management, LLC
John T. Porter, Thomas F. Duszynski

The Commission found that the Respondent adviser, ACM, via two of its principals (the other Respondents), made multiple self-interested loans out of a managed fund without proper disclosure to, or the consent of, investors in the fund. They also were found to have improperly used investor funds to pay for virtually all of ACM’s overhead expenses, and to have failed to maintain the integrity of individual investor accounts, including by providing account statements that did not accurately reflect the value of certain underlying investments.

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