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Wednesday, April 24, 2024 | Back issues
Courthouse News Service Courthouse News Service

Sticky Fingers

The SEC brought a federal complaint against Frost Management Company, saying it defrauded investors of more than $14 million by charging undisclosed and excessive fees to pay its owners's "exorbitant salary and extravagant personal expenses.”

SANTA ANA, Calif. — The SEC brought a federal complaint against Frost Management Company, saying it defrauded investors of more than $14 million by charging undisclosed and excessive fees to pay its owners's "exorbitant salary and extravagant personal expenses.”

Categories / Financial, Securities

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