On March 21, 2018, the Securities and Exchange Commission (“SEC”) announced that it obtained a preliminary injunction and asset freeze against Nicholas Genovesa, his hedge fund, Willow Creek Investments LP (“Willow Creek”), and his advisory firm, Willow Creek Advisors, LLC. The SEC had previously filed charges on February 2, 2018 against Genovese and his hedge
Investors in Alaska Financial Company III may have options to recover losses following the fund operators settling SEC fraud charges.
On March 22, 2018, the Securities and Exchange Commission (“SEC”) announced it settled fraud charges against the operators of the Alaska Financial Company III, LLC (“AFC III”) real estate fund that was allegedly used to bilk millions of dollars from investors. AFC III is operated by Tobias Preston, his brother, Charles Preston, and his son,