Wednesday, 27 May 2015
Last updated 43 min ago
Oct 14 2011 | 7:58am ET
Convicted hedge fund fraudster Koji Goto has nothing left to lose, so the Securities and Exchange Commission has stopped trying to take it from him.
The regulator dismissed its civil complaint against Goto and Shaleen Cassily. Goto has already been sentenced to 25 to 75 years in prison and had all of his assets liquidated to cover a $3.2 million restitution order. Goto, who filed for bankruptcy in 2004, has also been found incompetent to face further trials.
The SEC sued Goto, a former John Hancock Financial Services broker, for stealing more than $5 million from clients. According to the SEC, Goto told them that he would invest the money with a Boston hedge fund and in a food services business.
The SEC sued Goto in 2003. He was convicted the following year in New Hampshire state court of theft and unlawful securities practices.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…