SEC Charges BCM with Fraud

Aviation International News » September 2009
August 25, 2009, 7:30 AM

Robert Pinkas, Tab Keplinger and Brantley Capital Management (BCM) have been charged “with securities fraud for overvaluing assets in an investment portfolio they manage to generate higher investment advisory fees,” according to the Securities and Exchange Commission (SEC). The SEC alleges that BCM, Pinkas and Keplinger “substantially overstated the value of equity and debt investments in two failing private companies,” one of which was fractional-share operator Flight Options International (FOI), which “was consistently losing millions of dollars.” Pinkas, managing general partner of Brantley Partners, said the SEC’s conclusions are “baseless.” Keplinger elected to settle with the SEC and pay a $50,000 penalty. Brantley Partners is not financially involved with FOI.

FILED UNDER: 
Share this...

Please Register

In order to leave comments you will now need to be a registered user. This change in policy is to protect our site from an increased number of spam comments. Additionally, in the near future you will be able to better manage your AIN subscriptions via this registration system. If you already have an account, click here to log in. Otherwise, click here to register.

 
X