The Securities and Exchange Commission has settled securities fraud charges against Alexander Mascioli and his “alter-ego”—North Street Capital—for making a fraudulent offer to acquire all of the outstanding shares of Winnebago Industries Inc., according to Thomas Gorman, a partner at Dorsey & Whitney who focuses on defending SEC, U.S. Commodity Futures Trading Commission and other regulatory investigations.

Mascioli of Greenwich, Conn. set up NSC as a hedge fund in June 2011, and also launched an accompanying website, which was rife with false information.
“NSC’s website emphasized NSC’s specialization in leveraged buyouts (“LBO”) even though NSC had never participated in an LBO,” the SEC complaint reads. “NSC’s website also included statements that its core markets were automotive, consumer retail, and business services, even though NSC had not engaged in a single transaction in any of those markets.”

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

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]