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SEC Accuses Missing Greenwich Investment Professional Of Fraud

The SEC obtained a preliminary injunction freezing $118 million in assets of a Greenwich investment expert who formerly worked in Norwalk.
The SEC obtained a preliminary injunction freezing $118 million in assets of a Greenwich investment expert who formerly worked in Norwalk. Photo Credit: Wikimedia Commons

GREENWICH, Conn. – The Securities and Exchange Commission has obtained a preliminary injunction freezing $118 million in assets of a Greenwich investment expert charged with fraud where he previously worked at Norwalk-based Oak Investment Partners, reports Greenwichtime.com .

Iftikar Ahmed, who started working at Oak Investment Partners in 2003, faces up to 20 years in prison and $5 million in fines for insider trading and other fraudulent acts, according to the report.

The court filed for the asset freeze in May, and Ahmed disappeared shortly after the injunction was filed. It is presumed he fled the country, according to Greenwichtime.com.

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