SEC Announces Fraud Charges Against Patriarch Partners | Aviation International News

SEC Announces Fraud Charges Against Patriarch Partners

The Securities and Exchange Commission alleges Patriarch Partners misled investors about the value of loan assets within fund portfolios.

At Heli-Expo earlier this year Lynn Tilton gave an update on the future of the company. (Photo: Barry Ambrose)

March 31, 2015

The U.S. Securities and Exchange Commission (SEC) filed charges alleging that entrepreneur Lynn Tilton and her investment firm Patriarch Partners defrauded investors by failing to properly value loan assets within funds they managed. Patriarch Partners strongly refuted the charges, saying that it will "vigorously defend" itself against the proposed SEC enforcement action. The group owns MD Helicopters, which has made news recently by supplying armed helicopters to the Afghan Air Force.

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