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WASHINGTON — Federal regulators on Friday filed civil fraud charges against a money manager they accuse of bilking people by promoting investments he claimed were linked to the royal Chimay family of Belgium.
The Securities and Exchange Commission said it won a court order freezing the assets of Guy Albert de Chimay and his New York-based firm, Chimay Capital Management Inc. In a civil lawsuit, the SEC said Chimay siphoned millions from investors in his so-called bridge-loan facility to pay his divorce lawyers and the mortgage on his multimillion-dollar home.
