Vanguard Group Litigation Related to Onl ...

Vanguard Group Litigation Related to Online Gambling Investments

Apr 14, 2024

A class action lawsuit was filed last month in federal district court in New York alleging that 10 executives of Vanguard Group violated U.S. racketeering laws and made investors the owners of illegal gambling companies. The lawsuit alleges that after gambling executives were arrested in 2006, plaintiffs suffered significant losses due to funds that lost more than $10 million in capital. The lawsuit requires Chief Investment Officer George Souttar, portfolio manager Duane Kelly, and eight trustees to forfeit and write off the fees, fees, and profits they received. Vanguard issued a statement calling the lawsuit "worthless" and claiming that he will "strongly" defend himself. 파워볼사이트 추천

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