The US financial regulator the Securities and Exchange Commission (SEC) announced on 8th February 2013 that it has filed a complaint against Anshoo Sethi, a Chicago based businessman. It has instigated legal proceedings against Mr Sethi and his investment trust, the Intercontinental Regional Center Trust of Chicago and frozen $145m of assets held by the Trust after an investigation into a suspected multi-million dollar fraud carried out on 290 investors, mostly from China.
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