Accounting Firm Agrees to Settlement in Ponzi Fraud Case
Indianapolis-based accounting firm DeWitt & Shrader PC agreed to settle a lawsuit brought by a receiver appointed for Samex Capital Partners, LLC involving the way it provided services for convicted Ponzi schemer Keenan Hauke. The suit alleged that DeWitt & Shrader violated the Indiana Securities Act and committed negligence and fraud, as well as breach of contract, by failing to monitor Hauke’s bank accounts. A prominent money manager, Hauke led the hedge fund Samex Capital Partners LLC. In December 2011, Hauke was sentenced to 10 years in prison for securities fraud and ordered to pay $7.1 million in restitution. Hauke concealed losses, estimated...
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