Palm Beach Capital Management Sued by SEC in Petters Case
This article is for subscribers only.
Palm Beach Capital Management LP was sued by the U.S. Securities and Exchange Commission for allegedly funneling investor money to Thomas Petters’s $3.5 billion Ponzi scheme.
The firm, Palm Beach Capital Management LLC and principals Bruce Prevost and David Harrold were accused of deceiving investors in a lawsuit filed by the regulator today in federal court in Minneapolis.