SEC Charges Private Equity Firm and Money Manager for Defrauding Detroit-Area Public Pension Funds
from SEC.gov Updates: Press Releases The Securities and Exchange Commission today charged a private equity firm, a money manager and his friend with participating in a fraudulent scheme through which they stole more than $3 million invested by three Detroit-area public pension funds.
http://www.sec.gov/news/press/2010/2010-64.htm