Connecticut, SEC Sue Southridge Capital for Fraud
Karen Freifeld and Joshua Gallu, 26 October 2010
Southridge Capital Management LLC was sued by Connecticut over $26 million in fees charged investors based on what state Attorney General Richard Blumenthal called false statements about the value of assets.
The investment firm, based in Ridgefield, Connecticut, also was sued today by the U.S. Securities and Exchange Commission and accused of defrauding investors in hedge funds.
