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.
