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Two Former Execs Indicted via Alleged Investment Scheme

May 16, 2019 by Louis Chunovic

Two Former Execs Indicted via Alleged Investment Scheme

Two former executives of Southport Lane, L.P., a New York private equity investment holding company, have been charged with allegedly participating in an insurance investment scheme that resulted in hundreds of millions of dollars in losses, to both banks and insurance companies and to individual victims. Southport Lane specializes in managing investment portfolios for insurance… Read More >>

Filed Under: Industry News, Operational Risk, General Interest, Governance, Diversity, Equity, and Inclusion (DEI), Standards, KYC, AML/Fraud/Financial Crime, Regulation & Compliance, Regulatory Compliance, Regulatory Reporting Tagged With: Andrew Scherr, conspiracy to commit crimes, Investment Scheme, Robert McGraw, Southport Lane, wire fraud

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