TITLE

AA Capital's Orecchio Faces Charges

AUTHOR(S)
MacFadyen, Ken
PUB. DATE
August 2009
SOURCE
Mergers & Acquisitions Report;8/3/2009, Vol. 22 Issue 31, p12
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that AA Capital Partners founder John Orecchio has been charged with one count of wire fraud and one count of embezzling funds of an employee pension benefit plan by the U.S. Attorney's Office. Orecchio allegedly pilfered approximately 24 million U.S. dollars from between 2002 and 2006. Spun out from ABN Amro by Orecchio in 2001, AA Capital had almost 200 million U.S. dollars of capital under management which it invested in other private equity funds as well as direct investments.
ACCESSION #
44148192

 

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