The Securities and Exchange Commission charged two investment recruiters in federal court Tuesday with six counts of securities violations for their alleged roles in the Scott Rothstein Ponzi scheme.
George Levin and Frank Preve, who led the recruiting for the Banyon funds, raised more than $157 million from 173 investors in Banyon 1030-32 and the Banyon Income Fund in less than two years, the SEC charged Tuesday. In bankruptcy court, Banyon claimed $775 million in Rothstein-related losses.
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