April 02, 2015

Charles R. Kokesh

Financial Fraud

SANCTION AMOUNT: $55,359,025

Defendants: Charles R. Kokesh

Investment advisor used two RIA firms he controlled, which in turn controlled four business-development companies with approximately 21,000 investors in them, to misappropriate investor funds by causing the BDCs to pay illegal distributions, performance fees, bonuses, and expense reimbursements. Attempted concealment of the scheme by directing the investment advisers to distribute misleading proxy statements to investors, and having the BDCs file false reports with the Commission.

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