Whistleblower
Advocates
Award Winning Attorneys
Defendant Battoo was an asset manager. He and his two companies, the BC Capital entities, defrauded numerous investors worldwide by claiming to achieve exceptional risk-adjusted returns while concealing huge losses and misappropriation of investor funds. The fraud began no later than 2008, when Batoo hid major losses caused by a failed derivative investment program and leveraged investments in Madoff feeder funds. In addition, around $50 million was misappropriated so that Battoo could live the high life. Fraudulent account statements were used to deceive investors and auditors. Defendant Sunderlage acted as an unregistered broker-dealer and investment adviser in violation of a previous regulatory bar, directing investments into Battoo’s investment program.