Judith Brisman

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Allegations

Michael Lauer’s ‘girlfriends’ and ‘shills’ among defendants in new Lancer lawsuit

Former hedge fund boss Michael Lauer's "girlfriends" and stock "valuation shills" are among the defendants in the latest lawsuit filed in Miami by the Receiver of the Lancer Offshore group. "Lauer would often use the Girlfriends to assist him in violating his duties to the Funds by placing valuable assets, including aircraft and cash, in their names in an effort to prevent investors and/or the SEC from seizing such assets," stated the complaint.

Judge recommends contempt sanctions against ex-Lancer boss

Former Lancer Offshore boss Michael Lauer may soon be incarcerated and fined for breaching court orders freezing his assets and requiring his co operation with the SEC's investigation into his affairs.In a report dated March 22, 2005, U. S. Magistrate