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Cases / Investment funds & advisory

Acorn Capital Management LLC, Acorn II LP, Oak Grove Partners LP

Donald Anthony Walker Young

ReportedApr 20, 2009
LocationCoatesville, PA
Amount$23,000,000

This entry summarizes public reporting and government filings. Charges and civil complaints are allegations unless a court has entered a conviction or judgment — check the source for the current status.

Company / entity
Acorn Capital Management LLC, Acorn II LP, Oak Grove Partners LP
Industry
Limited partnership investing in publicly traded securities
How investors were recruited
Met many victims through the polo scene in Atlanta and Chester County, Pa., using a fabricated life story, and in vacation communities in Northeast Harbor, Maine, and Palm Beach, Fla.
Pitch & red flags
Gave investors false statements showing balances "much higher" than actual holdings; phony information given to accountants.

Pitch phrases from this case

Source

SEC official

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