U.S. Securities & Exchange Commission
SEC Seal
Home | Previous Page
U.S. Securities and Exchange Commission

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 22556 / December 3, 2012

Securities and Exchange Commission v. Christopher W. Bass, Swiss Capital Harbor-USA, LLC, Swiss Capital Harbor Fund A Partners, L.P., Swiss Capital Harbor Fund B Partners, L.P., and Swiss Capital Harbor Fund C Partners, L.P., Civil Action No. 10-cv-00606 (LEK)(DRH)(NDNY)

COURT ENTERS FINAL JUDGMENT AGAINST SEC DEFENDANTS CHRISTOPHER W. BASS AND HIS COMPANIES

The Securities and Exchange Commission announced that on October 26, 2012, the Honorable Lawrence E. Kahn, United States District Court Judge for the Northern District of New York, entered a final judgment against Defendants Christopher W. Bass, Swiss Capital Harbor-USA, LLC, Swiss Capital Harbor Fund A Partners, L.P., Swiss Capital Harbor Fund B Partners, L.P. and Swiss Capital Harbor Fund C Partners, L.P. (collectively, the "Defendants"). The final judgment amends the default judgment previously ordered by the Court on September 14, 2011, permanently enjoining the Defendants from future violations of Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933, and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The final judgment also holds the Defendants jointly and severally liable for total combined disgorgement and prejudgment interest of $5,203,054. This sum is deemed satisfied by the criminal restitution order entered against Defendant Bass in his parallel criminal case, U.S. v. Christopher Bass, 10-cr-166 (N.D.N.Y) (LEK).

On May 24, 2010, the SEC filed its complaint against the Defendants alleging that from at least January 2007 through at least June 2009, the Defendants conducted a Ponzi scheme, through which they defrauded over 400 investors. For further information, please see Litigation Release Number 21533 (May 25, 2010) and Litigation Release Number 22097 (September 19, 2011).

The SEC acknowledges the assistance of the United States Attorney's Office for the Northern District of New York.

 

http://www.sec.gov/litigation/litreleases/2012/lr22556.htm


Modified: 11/03/2012