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Grifphon and Sasquatch Hedge Fund Managers Accused of Fraud

Grifphon and Sasquatch Hedge Fund Managers Accused of Fraud 150 150 Rex Securities Law

On September 21, 2012, the Securities and Exchange Commission accused Yusaf Jawed, Grifphon Asset Management, Robert Custis, Jacques Nichols, Lyman Bruhn, Pearl Asset Management and Sasquatch Capital Management of securities fraud. See  SEC litigation release #22487.

Jawed pled guilty to running a Ponzi scheme in April 2013 and was sentenced to six and a half years in prison and ordered to forfeit $6.4 million raised in the scheme. Jawed’s poor financial condition makes it unlikely that he will be able to repay any of the funds.

In August of 2013, an arbitration panel awarded an investor damages against Raymond James on claims that the investment in the Grifphon Alpha 1 Fund violated state securities laws and was misrepresented. FINRA arbitration No. 12-1905 , Deters IRA, et al vs Raymond James Financial Services, Inc.

Grifphon Funds sold by brokerage firms include:

Grifphon Alpha I Fund
Alpha Qualified Fund
Grifphon Alpha Long Term
Grifphon Iota Fund
Grifphon High Quality Large Cap Fund
Alpha Institutional Fund – See more at: www.whitesecuritieslaw.com/securities-fraud/blog/page/2/#sthash.nxEMYGse.dpuf
Grifphon Alpha I Fund
Alpha Qualified Fund
Grifphon Alpha Long Term
Grifphon Iota Fund
Grifphon High Quality Large Cap Fund
Alpha Institutional Fund
Grifphon Alpha I Fund
Alpha Qualified Fund
Grifphon Alpha Long Term
Grifphon Iota Fund
Grifphon High Quality Large Cap Fund
Alpha Institutional Fund – See more at:
Alpha Qualified Fund

Alpha Institutional Fund
Grifphon Alpha I Fund
Grifphon Alpha Long Term
Grifphon High Quality Large  Cap Fund
Grifphon Iota Fund

If you invested in any of  the Grifphon funds you may have valuable legal rights entitling you to damages. For a no charge consultation with an experienced securities lawyer, please contact our office.

Rex Securities Law , located in Boca Raton, FL, provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Rex Securities Law

561 391 1900

 

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