ICP Asset Management, Priore Are Sued for Collateralized Debt Fraud by SEC

ICP Asset Management LLC and its founder Thomas Priore were sued for fraud by the U.S. Securities and Exchange Commission for their role in trading mortgage- backed securities at inflated prices as the housing market declined starting in 2007.

The SEC filed the complaint against the firm and Priore at federal court in New York.

To contact the reporter on this story: Joshua Gallu in Washington at jgallu@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.