Aldus Equity & Saul Meyer Charged in Kickback Scandal
The SEC has charged Aldus Equity and its founding principal Saul Meyer, as part of a pay-to-play scandal involving the New York State Common Retirement Fund. Meyer also has been named in a suit brought by New York Attorney General Andrew Cuomo, and has surrendered himself to authorities. From the SEC complaint: "Meyer caused Aldus to pay sham fees to Morris in order to obtain a Common Fund investment even though Aldus was already serving as a private equity consultant to the Common Fund and was already negotiating with the Common Fund's investment staff about the proposed investment before Meyer had ever met Morris." Aldus has replied by calling the charges "appalling and careless," adding that the SEC wants a "trial by news release." (here is its full statement) Here is a copy of the SEC complaint: Sec Complaint Publish at Scribd or explore others:
