Statement on Jury Verdict in Case Against Charles Kokesh
Andrew CeresneyDirector, SEC Division of Enforcement
Nov. 7, 2014
“We are pleased that the jury found Kokesh liable for defrauding his firm’s advisory clients and making false public filings with the SEC. Kokesh owed his clients the highest duty of trust and confidence, but he betrayed that duty by systematically looting approximately $35 million in client funds over many years. Today’s result reaffirms our commitment to hold unscrupulous industry professionals accountable for their wrongdoing.”
- The SEC filed its civil action in October 2009
- Today a jury returned a verdict finding Kokesh liable on all counts after a week-long trial in U.S. District Court in New Mexico.