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Lynn Tilton beats SEC fraud charges

From nypost.com

Lynn Tilton finally got the monkey off her back. A Securities and Exchange Commission administrative judge on Wednesday dismissed fraud charges against Tilton, aka “the diva of distressed debt,” ending a 2¹/₂-year feud against the regulator that had upended her Patriarch Partners firm. “It is concluded that the violations alleged [by the SEC] are unproven,” Judge Carol Fox Foelak wrote in her 57-page ruling. “Thus, this proceeding will be dismissed.” Tilton’s regulatory nightmare began in March 2015 when the SEC filed civil charges claiming she masked the poor performance of her portfolio of distressed debt to reap ... (full story)

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