“Cherry-Picking” at Aletheia

Samuels Yoelin Kantor LLP

(December 16) The SEC today filed civil charges against the once-powerful Peter Eichler, Jr., and his embattled money management firm Aletheia Research and Management of Santa Monica.

At one point high-flying Aletheia had $10B in assets under management and counted the state pensions of Louisiana and Oklahoma among its clients, but declared bankruptcy in November amid chronic legal and financial trouble. The new charges of “cherry-picking” allege that Eichler habitually executed speculative options trades before allocating them to any account. The losing trades, profitable 32% of the time, then went to two hedge funds under his management. The winning trades went to his own account and to favored clients. Win rate? 98%.

(New York Times at http://dealbook.nytimes.com)

Topics

Client Reviews

Darlene was just fantastic in every way representing me in resolving an over two year situation with me as beneficiary in a Trust . . . She turned every over every rock and stone and actually saved me half of her fee...

Client, Trust Dispute

“I am so happy that all my contacts and calls finally led me to your doorstep. It is with a feeling of satisfaction that I can put this issue to rest now. I did what was right and fair (but I know life isn't fair) and...

Client, Brokerage Account Dispute

Darlene was so helpful in this matter, I had been trying for months to get help and she came through for me . . . I would recommend her in a heartbeat.

Client

You folks put on an excellent case and we were, to say the least, extremely nervous about the outcome.

Opposing Counsel

I know P**** has expressed her sincere thanks to you, but I wanted to do the same and let you know how much I appreciate your time and the professionalism with which you have handled this matter. We will hope and pray...

Client
View More

Get in Touch

Fill out the contact form or call us at (503) 226-2966 to schedule your consultation.
  1. 1 Call Us Nationwide
  2. 2 Fill Out Our Contact Form
  3. 3 Please Do Not Include Confidential Information

Leave Us a Message