Federal investigators have expanded their inquiry into two Portland hedge funds, last week interviewing investors of Sasquatch Capital who say they have not been able to withdraw their money, according to Oregonlive.
Last year, officials from the U.S. Securities and Exchange Commission interviewed people who invested with and worked at Grifphon Asset Management, said Michael J. Esler, an attorney in Portland representing investors. Last week, they interviewed investors of Sasquatch Capital, which has ties to Grifphon.
The SEC also has subpoenaed internal Grifphon documents from Robert S. Banks, a Portland attorney who has represented Grifphon investors. Michael Dicke, associate regional director of the SEC in San Francisco, declined comment….
Read all about it at http://www.oregonlive.com/business/index.ssf/2012/01/sec_expands_inquiry_into_portl.html
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