8chan/8kun QResearch Posts (5)
#10269341 at 2020-08-13 02:13:46 (UTC+1)
Q Research General #13143: Hammer Time Edition
Feds Arrest Owner of LA Investment Firm That Managed Over $1B in Assets
POSTED BY CONTRIBUTING EDITOR ON AUGUST 11, 2020 IN CRIME
https://mynewsla.com/crime/2020/08/11/feds-arrest-owner-of-la-investment-firm-that-managed-over-1b-in-assets/
The founder and former CEO of an investment firm that specializes in debt instruments was arrested Tuesday on federal charges alleging he falsified financial records to fraudulently inflate the value of the funds he managed, allowing him to charge investors millions of dollars in unauthorized fees.
Brendan Ross, 47, of La Canada Flintridge, who founded Direct Lending Investments in 2012, was taken into custody by special agents of the FBI, according to the U.S. Attorney's Office.
In conjunction with the unsealing of the criminal case, the U.S. Securities and Exchange Commission filed a civil complaint against Ross, alleging he defrauded investors.
The arrest stems from a grand jury indictment handed down July 30 that charges Ross with 10 counts of wire fraud based on a scheme he allegedly executed between late 2013 and early 2019 to defraud investors in funds managed by DLI, a firm he still owns. Each of the 10 wire fraud counts carries a sentence of up to 20 years in federal prison.
Ross resigned as CEO in March 2019, and soon after the SEC filed a civil complaint against DLI, which resulted in the appointment of a court-ordered receiver in early April 2019, prosecutors said.
By the summer of 2017, only five years after Ross founded DLI, the firm had over $1 billion in assets under management, according to court papers, which state that Ross directed DLI to invest the funds' assets in, among other things, a company that loaned money to small businesses and retailers.
The DLI funds made money when the loans performed, meaning that the borrowers made timely payments. The indictment alleges that, rather than disclose some of the loans were not performing, Ross falsified monthly reports to make it appear borrowers were making payments.
#10269085 at 2020-08-13 01:46:25 (UTC+1)
Q Research General #13142: The Donald Edition
>>10269038
>Post more sauce anon please.
Feds Arrest Owner of LA Investment Firm That Managed Over $1B in Assets
POSTED BY CONTRIBUTING EDITOR ON AUGUST 11, 2020 IN CRIME
https://mynewsla.com/crime/2020/08/11/feds-arrest-owner-of-la-investment-firm-that-managed-over-1b-in-assets/
The founder and former CEO of an investment firm that specializes in debt instruments was arrested Tuesday on federal charges alleging he falsified financial records to fraudulently inflate the value of the funds he managed, allowing him to charge investors millions of dollars in unauthorized fees.
Brendan Ross, 47, of La Canada Flintridge, who founded Direct Lending Investments in 2012, was taken into custody by special agents of the FBI, according to the U.S. Attorney's Office.
In conjunction with the unsealing of the criminal case, the U.S. Securities and Exchange Commission filed a civil complaint against Ross, alleging he defrauded investors.
The arrest stems from a grand jury indictment handed down July 30 that charges Ross with 10 counts of wire fraud based on a scheme he allegedly executed between late 2013 and early 2019 to defraud investors in funds managed by DLI, a firm he still owns. Each of the 10 wire fraud counts carries a sentence of up to 20 years in federal prison.
Ross resigned as CEO in March 2019, and soon after the SEC filed a civil complaint against DLI, which resulted in the appointment of a court-ordered receiver in early April 2019, prosecutors said.
By the summer of 2017, only five years after Ross founded DLI, the firm had over $1 billion in assets under management, according to court papers, which state that Ross directed DLI to invest the funds' assets in, among other things, a company that loaned money to small businesses and retailers.
The DLI funds made money when the loans performed, meaning that the borrowers made timely payments. The indictment alleges that, rather than disclose some of the loans were not performing, Ross falsified monthly reports to make it appear borrowers were making payments.
#5799331 at 2019-03-21 00:43:58 (UTC+1)
Q Research General #7418: John Does and Jane Does Edition
Direct Lending Fund Founder Resigns Amid SEC Investigation
Direct Lending Investments' founder and chief executive officer Brendan Ross resigned amid an investigation by the Securities and Exchange Commission.
https://www.bloomberg.com/news/articles/2019-03-20/direct-lending-fund-founder-resigns-amid-sec-investigation
#5791165 at 2019-03-20 17:37:08 (UTC+1)
Q Research General #7407: Trolling Crying Cucks Edition
#7407
>>5790931
>>5790532 Leicester players gather in Thailand for cremation of chairman who died in stadium helicopter crash
>>5790570 Container ship on fire carrying Cars
>>5790574 WATCH THE WATER-Tomorrow morning 10AM EST Coast Guard gives it's State of the Coast Guard Address
>>5790628 Video of Ship on Fire
>>5790671 CNN Vid-Let people see Mueller report
>>5790695 Senegalese man sets Italian school bus on fire with children on board
>>5790700 Mark Knoller Tweet- POTUS defends use of Twitter
>>5790702 British white guy survived the NZ shooting
>>5790709 Anon espouses- WE don't deal in emotions (o7-from BA)
>>5790740 Twelve French Churches Attacked, Vandalized in One Week
>>5790773 WH statement on Netan. visit- not sauced
>>5790812 Wheels Up AF-1
>>5790822 Sara Carter Tweet
>>5790830 Daily Dot- Article Rothy-boy
>>5790850 Federal judge casts doubt on Trump's drilling plans acRoss the U.S. because they ignore climate change
>>5790856 US NAVY Tweet- 17 13 hypens v minus
>>5790876 Mueller's early scrutiny of Cohen rooted in foreign tie's(from yesterday)
>>5790888 Rome Senate Says Salvini Shouldn't Stand Trial for Blocking Migrant Ship(trips confirm)
continued
>>5790937 K Conway Tweet responds to POTUS (reluctant to add this but in)
>>5790960 Updated sauced WH stmt on Net Visit
>>5791031US Judge blocks oil, gas drilling over climate worries
>>5791038 PHOTOS: Military bases in Nebraska battle flooding as Offutt AFB
>>5791074Direct Lending Investments' founder and chief executive officer Brendan Ross resigned amid an investigation by the Securities and Exchange Commission.
>>5791080 US Attny-Four Broward County Residents Convicted at Trial for Their Roles in a String of Armed Robberies - Using Firearms
here you go practice baker(s).
Got things to do like you do anons. Out
#5791074 at 2019-03-20 17:31:15 (UTC+1)
Q Research General #7407: Trolling Crying Cucks Edition
Direct Lending Investments' founder and chief executive officer Brendan Ross resigned amid an investigation by the Securities and Exchange Commission.
Ross quit March 18 after the company found evidence that valuations of one of its investments may have been materially overstated, Direct Lending said in a March 19 letter to investors. The company, which had $758 million in assets in November, said in another letter last month that a different borrower had defaulted on a loan that accounted for about a quarter of its capital. It suspended withdrawals at that time.
Ross said in an email on Wednesday that the decision to quit was difficult.
"I am committed to doing what is best for the investors and to preserve the value of the fund," he wrote. He declined to answer other questions.
https://t.co/NxmhYP7iy0