Last week, the SEC filed suit against Washington attorney Lewis Rivlin and two colleagues in federal court, charging them with fraud and broker-dealer registration violations. Rivlin already owes $17 million in judgments from suits brought by individual investors. Rivlin allegedly made a pitch to a handful of investors who, it seems, never heard the phrase "no free lunch." Earn piles of money in just a few days with an exclusive opportunity to trade in a secret, risk-free market, he told them.
June 14, 1999 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Earn piles of money in just a few days with an exclusive opportunity to trade in a secret, risk-free market.That’s the pitch prominent D.C. attorney Lewis Rivlin allegedly made to a handful of investors who, it seems, never heard the phrase “no free lunch.”
Now Rivlin, who already owes $17 million in judgments from suits brought by individual investors, is in the cross-hairs of the Securities and Exchange Commission.
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