WASHINGTON (Reuters) – U.S. markets regulators on Thursday sued the founder and former chief investment officer of investment adviser Infinity Q Capital Management LLC, alleging he engaged in a fraudulent scheme to inflate the value of assets the firm advised.
Infinity Q was forced last year to liquidate its mutual funds after the SEC found that James Velissaris made potentially unreasonable adjustments to a pricing model used to value fund investments.
(Reporting by Michelle Price)
