According to Dealbreaker’s own Matt Levine; last week the
SEC settled a securities fraud case with one Ziad K. Abdelnour, CEO of
Blackhawk Partners, for a $25,000 fine and a five-year ban from the securities
industry. The fraud was not exactly hard to recognize: anyone who, while
claiming to represent “a purported private equity ‘family office,’ solicited
investors to invest in trading programs that purportedly yielded returns of up
to 600% in as little as seven days, with no risk,” is overcompensating. (For:
fraud.)
But for all you dis-belivers and doubters Abdelnour’s fraud
was even more obvious…..
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