SEC Charges Investment Adviser for Inventing a Billion-Dollar Client to Lure New Investors
Washington, D.C., March 9, 2009 (LAWFUEL) – The Securities and Exchange Commission today charged a money manager with offices in New York and Rhode Island for falsely creating a billion-dollar client in order to gain credibility and attract legitimate investors. In its complaint, the SEC charged Leila Jenkins and her firm, Locke Capital Management Inc.,