{"id":6952,"date":"2019-04-25T14:45:42","date_gmt":"2019-04-25T19:45:42","guid":{"rendered":"https:\/\/www.investorlawyers.com\/?p=6952"},"modified":"2019-04-25T14:45:42","modified_gmt":"2019-04-25T19:45:42","slug":"recent-sec-cases-allege-fraud","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/recent-sec-cases-allege-fraud\/","title":{"rendered":"Recent Fraud Cases Targeted Hedge Funds, Senior Investors, and Israeli-Americans"},"content":{"rendered":"<br \/>\n<h2><strong>SEC Accuses Investment Adviser of Misappropriating Funds from Hedge Funds<\/strong><\/h2>\n<p>The <a href=\"https:\/\/www.sec.gov\" target=\"_blank\" rel=\"noopener noreferrer\">US Securities and Exchange Commission (SEC)<\/a> has secured an emergency asset freeze, as well as a temporary restraining order, to stop an ongoing allegedly fraudulent securities offering that was purportedly conducted to conceal the misappropriation of about $570K from hedge fund clients. The regulator contends that investment adviser Eric D. Lyons and his investment advisory businesses, Synchronicity Capital GP, LLC, Synchronicity Capital Group, and Synchronicity Group, LLC, used the money to pay for Lyons\u2019 personal spending, including Broadway shows, concert tickets, sailing expenses, rent, and other costs.<\/p>\n<p>According to the regulator&#8217;s<a href=\"https:\/\/www.sec.gov\/litigation\/complaints\/2019\/comp24458.pdf\" target=\"_blank\" rel=\"noopener noreferrer\"> complaint<\/a>, the allegedly fraudulent securities offering involved securing about $300K from one investor who thought other large investors would be potentially involved and that there was a $100M business valuation. The SEC alleges that, in total, the Synchronicity entities and Lyons raised about $700K through both the misappropriation of funds and the allegedly fraudulent offering.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/recent-sec-cases-allege-fraud\/\"  title=\"Continue Reading Recent Fraud Cases Targeted Hedge Funds, Senior Investors, and Israeli-Americans\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SEC Accuses Investment Adviser of Misappropriating Funds from Hedge Funds The US Securities and Exchange Commission (SEC) has secured an emergency asset freeze, as well as a temporary restraining order, to stop an ongoing allegedly fraudulent securities offering that was purportedly conducted to conceal the misappropriation of about $570K from hedge fund clients. The regulator [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":444,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3748,3760,3803],"tags":[3379,3380,3381,3382,3383],"class_list":["post-6952","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hedge-funds","category-sec-enforcement","category-senior-investors","tag-eric-d-lyons","tag-kimberly-sredich","tag-mbig-company","tag-motty-mizrahi","tag-synchronicity"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Synchronicity Accused Of Investor Fraud &#8212; Investor Lawyers Blog<\/title>\n<meta name=\"description\" content=\"The SEC has recently released complaints on investor fraud cases that targeted hedge funds, senior investors, and Israeli-Americans.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/recent-sec-cases-allege-fraud\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Synchronicity Accused Of Investor Fraud &#8212; Investor Lawyers Blog\" \/>\n<meta name=\"twitter:description\" content=\"The SEC has recently released complaints on investor fraud cases that targeted hedge funds, senior investors, and Israeli-Americans.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/04\/justice-bw-1.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Synchronicity Accused Of Investor Fraud &#8212; Investor Lawyers Blog","description":"The SEC has recently released complaints on investor fraud cases that targeted hedge funds, senior investors, and Israeli-Americans.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/recent-sec-cases-allege-fraud\/","twitter_card":"summary_large_image","twitter_title":"Synchronicity Accused Of Investor Fraud &#8212; Investor Lawyers Blog","twitter_description":"The SEC has recently released complaints on investor fraud cases that targeted hedge funds, senior investors, and Israeli-Americans.","twitter_image":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/04\/justice-bw-1.jpg","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/recent-sec-cases-allege-fraud\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/recent-sec-cases-allege-fraud\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Recent Fraud Cases Targeted Hedge Funds, Senior Investors, and Israeli-Americans","datePublished":"2019-04-25T19:45:42+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/recent-sec-cases-allege-fraud\/"},"wordCount":551,"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/recent-sec-cases-allege-fraud\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/04\/justice-bw-1.jpg","keywords":["Eric D. Lyons","Kimberly Sredich","MBIG Company","Motty Mizrahi","Synchronicity"],"articleSection":["Hedge Funds","SEC Enforcement","Senior Investors"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/recent-sec-cases-allege-fraud\/","url":"https:\/\/www.investorlawyers.com\/blog\/recent-sec-cases-allege-fraud\/","name":"Synchronicity Accused Of Investor Fraud &#8212; Investor Lawyers Blog","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/recent-sec-cases-allege-fraud\/#primaryimage"},"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/recent-sec-cases-allege-fraud\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/04\/justice-bw-1.jpg","datePublished":"2019-04-25T19:45:42+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"The SEC has recently released complaints on investor fraud cases that targeted hedge funds, senior investors, and Israeli-Americans.","breadcrumb":{"@id":"https:\/\/www.investorlawyers.com\/blog\/recent-sec-cases-allege-fraud\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investorlawyers.com\/blog\/recent-sec-cases-allege-fraud\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.investorlawyers.com\/blog\/recent-sec-cases-allege-fraud\/#primaryimage","url":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/04\/justice-bw-1.jpg","contentUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/04\/justice-bw-1.jpg","width":1200,"height":552,"caption":""},{"@type":"BreadcrumbList","@id":"https:\/\/www.investorlawyers.com\/blog\/recent-sec-cases-allege-fraud\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.investorlawyers.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Recent Fraud Cases Targeted Hedge Funds, Senior Investors, and Israeli-Americans"}]},{"@type":"WebSite","@id":"https:\/\/www.investorlawyers.com\/blog\/#website","url":"https:\/\/www.investorlawyers.com\/blog\/","name":"Investor Lawyers Blog","description":"Published By Investment Fraud Attorneys \u2014 Shepherd Smith Edwards &amp; Kantas, LLP","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.investorlawyers.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431","name":"Shepherd Smith Edwards &amp; Kantas, LLP","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","caption":"Shepherd Smith Edwards &amp; Kantas, LLP"},"sameAs":["https:\/\/www.investorlawyers.com\/"]}]}},"jetpack_featured_media_url":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/04\/justice-bw-1.jpg","jetpack_shortlink":"https:\/\/wp.me\/pedX9K-1O8","_links":{"self":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/6952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/comments?post=6952"}],"version-history":[{"count":0,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/6952\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/media\/444"}],"wp:attachment":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/media?parent=6952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/categories?post=6952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/tags?post=6952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}