The Commission brought an offering fraud action against two long time residential real estate businessmen, Thomas S. Mulholland and James C. Mulholland, Jr. The two defendants had been in the residential real estate business since the 1990s. By 2008 they had raised about $16 million from investors. Thomas and James Mulholland had about 300 properties and apartment building units.
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The rapid collapse of MF Global into bankruptcy amid claims that millions of dollars in customer funds is a key focus for the SEC and CFTC as well as SIPIC this week. Speculation over the outcome of the hearings before Judge Rakoff on the SEC’s settlement with Citigroup is also a key topic in securities litigation this week.
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USA, Capital Markets, Insolvency & Restructuring, Litigation, White Collar Crime, Dorsey & Whitney LLP, Share (finance), Bankruptcy, Injunction, Security (finance), Fraud, Subprime lending, Mortgage-backed security, Securities fraud, US Securities and Exchange Commission, Commodity Futures Trading Commission (USA), Janus Capital Group, Securities Act 1933 (USA)
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