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A federal judge has issued a judgment against Boulder investment adviser Neal R. Greenberg on allegations that he misled investors in his Agile family hedge funds and breached his fiduciary duties.
The U.S. Securities and Exchange Commission sought $4.3 million from Greenberg but waived payment for all but $330,000 in cash, plus his interest in certain of the Agile funds he oversaw, after reaching a settlement with Greenberg.
Greenberg’s funds invested heavily with convicted Ponzi schemers Tom Petters and Bernie Madoff, despite marketing themselves as well-diversified and safe. Greenberg’s clients, a group that included radio host Mike Rosen and former congressman Tom Tancredo, suffered more than $174 million in losses.
