Charles R. Kokesh Found Guilty in $35M SEC Suit

Charles R. Kokesh Found Guilty in $35M SEC Suit

Charles R. Kokesh Found Guilty in $35M SEC Suit 150 150 Rex Securities Law

November 7, 2014- Sante Fe businessman Charles R. Kokesh was found guilty by a jury in New Mexico of misspending $35 million in investor funds in a suit brought by the Securities & Exchange Commission (SEC).

Andrew Ceresney, Director, SEC Division of Enforcement issued the following statement: “We are pleased that the jury found Kokesh liable for defrauding his firm’s advisory clients and making false public filings with the SEC.  Kokesh owed his clients the highest duty of trust and confidence, but he betrayed that duty by systematically looting approximately $35 million in client funds over many years.  Today’s result reaffirms our commitment to hold unscrupulous industry professionals accountable for their wrongdoing.”

From 1995-2007 Kokesh operated four SEC registered business development companies:

  • Technology Funding Medical Partners I

    Technology Funding Partners III

    Technology Funding Partners IV

    Technology Funding Partners V

    Rex Securities Law provides nationwide representation to investors 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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