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SEC v. Eric D. Lyons, et al. Case No. 19-cv-10785 (D. Mass)

Oct. 6, 2022

On April 22, 2019, the Commission filed a complaint (the “Complaint”) against Eric D. Lyons (“Lyons”), his investment companies, Synchrony Capital GP, LLC, Synchrony Group, LLC, and Synchrony Capital Group (the “Synchrony Adviser Entities” and together with Lyons, the “Defendants”), and named Synchrony Global Macro LP, a hedge fund he promoted and managed through the Synchrony Adviser Entities, as a relief defendant, alleging that while acting as an investment adviser to the Synchrony Adviser Entities, Lyons misused and misappropriated approximately $570,000 from the hedge funds that they managed. The Complaint also alleged that, in an effort to replace some of this misappropriated money, Lyons induced an investor to invest $300,000 in one of his general partnerships through the use of false and materially misleading statements about a purported large-scale investment offer and a hundred million dollar business valuation. See the Commission’s Complaint.

The Defendants were ordered to jointly and severally pay a total of $796,171 in disgorgement and prejudgment interest. Lyons was further ordered to pay an $189,427 civil penalty. The Commission was ordered to hold all funds (collectively, the “Fund”), pending further order of the Court. See Lyons Final Judgment, Synchrony Capital GP, LLC’s Final Judgment, Synchrony Group, LLC’s Final Judgment, and Synchrony Capital Group’s Final Judgment.

The Defendants have paid a total of $123,752.15 into the Fund. The Fund has been deposited into an interest-bearing account and all interest accrued will be for the benefit of the Fund.

For more information, please contact the Commission:

Office of Distributions

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