September 26, 2016

Daniel Thibeault

Financial Fraud

SANCTION AMOUNT: $15,400,403

Defendants: Daniel Thibeault

Defendant was investment advisor to a fund called the GL Beyond Income Fund and misappropriated at least $15 million. The GL Beyond Income Fund's assets consisted primarily of individual variable rate consumer loans, with investors told that their money would be pooled and used to make or purchase consumer loans. However, in 2013 or earlier, defendant began creating and reporting fictitious loans to conceal the misappropriation.

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