The Securities and Exchange Commission has charged Todd Duckson, a former capital markets partner at Hinshaw & Culbertson and current CEO of Minneapolis-based specialty finance company True North Finance, with defrauding several hundred investors in a real estate lending fund.
The SEC’s 31-page civil complaint (pdf) filed in federal court in Minneapolis accuses Duckson and two executives of the Capital Solutions Monthly Income Fund — a hedge fund that merged with True Finance last year — of concealing from investors that the fund had no significant income because of the financial collapse of its sole business partner.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]