United States Securities and Exchange Commission v. Ahmed et al

  1. April 02, 2025

    SEC Wins $12.5M Judgment On Assets Tied To Fugitive Trader

    The U.S. Securities and Exchange Commission can recoup a $12.5 million supplemental enrichment judgment from frozen assets tied to a fugitive trader accused of funneling $67 million from his employer Oak Management Corp. to himself, his companies and his relatives, a Connecticut federal judge has ruled.

  2. February 25, 2025

    SEC Is Asked For Background On Fugitive Trader's Death Docs

    A Connecticut federal judge has asked the Securities and Exchange Commission for more information about its investigation into what appears to be a forged death certificate for a fugitive trader who fled to India nearly a decade ago.

  3. February 13, 2025

    Judge In SEC Case Asks If Fugitive Trader Really Died

    A Connecticut federal judge on Thursday directed the receiver managing the distribution of clawed-back funds diverted in a fraud by fugitive trader Iftikar Ahmed to look into claims that Ahmed has died and report to the court on their veracity.

  4. December 02, 2024

    Funds Get $30M Payout From SEC's Fight With Fugitive Trader

    A Connecticut federal judge has approved a receiver's plan to distribute $30 million to four Oak Management Corp. funds that were among the victims of a former in-house trader who spent a decade defrauding investors and misappropriating $67 million, court records show.

  5. December 15, 2023

    SEC Rips 'Nonsensical' Bid To End Fugitive's Wife's Tax Levy

    The U.S. Securities and Exchange Commission is asking a Connecticut federal judge not to lift a tax levy against the stateside-residing wife of an accused venture capital fraudster currently living in India.

  6. November 22, 2023

    Brown Rudnick Settles $1.3M Fee Row With Fugitive Trader

    Brown Rudnick LLP agreed this week to a half-million-dollar settlement in a $1.3 million fee dispute with a fugitive former client the firm represented in multiple multimillion-dollar U.S. Securities and Exchange insider trading and fraud actions and who never paid the firm "a single dime" for its work.

  7. May 24, 2021

    Investment Pro Who Fled U.S. To Dial Up NYC Trial From India

    An investment pro wanted by federal prosecutors in Boston on insider trading charges will stand trial in New York City remotely from India starting Wednesday so that a judge can assess how much in damages he owes a former client that accuses him of stealing $11 million.

  8. May 29, 2019

    Fugitive's Wife Says $9M Forfeiture Would Put Her On Street

    The wife of a venture capital executive who fled to India after being charged with insider trading asked a Massachusetts judge Wednesday to stop the forfeiture of a $9 million bond, saying she and her three children will be out on the streets with no way to pay for housing.

  9. September 07, 2018

    SEC Wins $63M Clawback From Family Of Fugitive Oak Exec

    A Connecticut federal judge gave the green light Thursday for the U.S. Securities and Exchange Commission to claw back almost $63 million from the wife and children of a former Oak Investment Partners executive who is on the lam over a $67 million fraud scheme.

  10. June 20, 2018

    Oak Exec's Family Rebukes SEC's Attempt At $89M Clawback

    The wife and children of a former Oak Investment Partners executive are fighting the U.S. Securities and Exchange Commission's demand for $89.4 million in assets over the family patriarch's $67 million fraud, telling a Connecticut federal judge Tuesday that the agency's motion "overreaches."