Detroit Firm Hit with SEC Suit

Giardina, Michael
April 2010
Mergers & Acquisitions Report;4/26/2010, Vol. 23 Issue 17, p19
The article reports that a lawsuit has been filed by the U.S. Securities and Exchange Commission (SEC) against Onyx Capital Advisors, a private equity firm based in Detroit, Michigan. According to the lawsuit, company owner Roy Dixon and his friend Michael Farr are committing an ongoing fraud. They allegedly obtained 3 million U.S. dollars from three City public pension funds.


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