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Tuesday, April 23, 2024 | Back issues
Courthouse News Service Courthouse News Service

$9 Million Disgorgement

A federal judge granted the SEC’s request for $9.2 million in disgorgement and fines from Lawrence Penn III, for grand larceny and falsifying records in the private equity fund he managed, and for his “complete lack of remorse” despite his guilty pleas.

MANHATTAN — A federal judge granted the SEC’s request for $9.2 million in disgorgement and fines from Lawrence Penn III, for grand larceny and falsifying records in the private equity fund he managed, and for his “complete lack of remorse” despite his guilty pleas.

Categories / Securities

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