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In addition, Morriss and the management company he controlled allegedly came up with a scheme to recruit new investors to purchase membership interests in one of the private equity funds, MIC VII, LLC. [read post]
20 Jun 2012, 9:40 pm by InvestorLawyers
Louis federal court, states that between 2003 and 2011, Morriss, Acartha Group LLC and MIC VII LLC raised a minimum of $88 million from at least 97 investors. [read post]