Tuesday, February 24, 2015

Santa Cruz Investment Fund Charged $2.7M For $60M Ponzi Scheme

February 24, 2015 -- On February 23 the SEC imposed a final judgement against John A. Geringer and GLR Advisors, LLC (GLR Advisors) which renders a charge of $2.7 million. The SEC says Geringer and GLR Advisors managed the GLR Growth Fund, L.P., which is based in Scotts Valley, California, as a Ponzi scheme by reporting fictitious trading profits. The group raised $60 million from investors, mostly in the Santa Cruz, California area. Geringer pleaded guilty on June 4, 2014 and awaits sentencing.

For the full announcement click here.
GovernmentAuctions

Gerber Pocket KnivesGet ready for summer fishing trips with this assorted lot of 30 Gerber knives. These fine-quality knives are not only perfect for knife enthusiasts, but also for collectors. They’re also ideal for buyers who want to flip the knives individually for a profit. These knives come in an assortment of various sizes, colors, types, models, and conditions. They also include both fine and serrated blades. The knives all appear to be in great shape but an inspection of this auction is still strongly encouraged prior to bidding. The current asking price for this bulk auction is just $137 with 3 online bids already placed and just 2 days, 20 hours, and 36 minutes remaining. To find out more about this deal, simplyactivating your free trial now.