SEC v. Kenneth Senffner, No. LR-16210, Northern District of Illinois (July 13, 1999) — Press Release
raw: Kenneth Senffner
Kenneth Senffner, No. LR-16210 (July 13, 1999)
Kenneth Senffner, a general partner of Clifton Capital Investments, L.P., was indicted for criminal contempt and obstruction of justice after willfully transferring a CCI-bound check to a third party in Atlanta in violation of a court-ordered asset freeze tied to an SEC fraud case involving prime bank instruments.
Kenneth Senffner was indicted on three counts of criminal contempt and obstruction of justice for violating a temporary restraining order issued in June 1994 by the SEC in its case against Clifton Capital Investments, L.P. (CCI) and partner John Lauer. The order froze CCI’s assets to prevent further fraud related to prime bank instrument trading, but Senffner, after being notified, transferred a check payable to CCI to a third party in Atlanta without disclosure or reversal. His actions directly undermined the SEC’s injunctive action and obstructed the due administration of justice, though no sentencing or resolution is detailed in the indictment.
Kenneth Senffner, a general partner of Clifton Capital Investments, L.P. (CCI), was indicted on July 8, 1999, on three counts of criminal contempt and obstruction of justice. The charges stem from his violation of a temporary restraining order issued in June 1994 by the SEC in its lawsuit against CCI and its partner John Lauer, which sought to halt fraudulent trading of prime bank instruments and freeze CCI’s assets. Despite receiving notice of the court order, Senffner willfully transferred a check made payable to CCI to a third party in Atlanta, Georgia, and failed to reverse or disclose the transaction. This act directly contravened the asset freeze and obstructed the SEC’s efforts to preserve funds pending litigation. The indictment alleges that Senffner’s conduct impeded the due and proper administration of justice, constituting both criminal contempt and obstruction. No details are provided regarding the outcome of the case, sentencing, or whether the transferred funds were recovered. The case was filed in the U.S. District Court for the Northern District of Illinois under docket number 99 CR 0490.
Extracted insights
- agency a lawsuit, sec v. lauer, et. al., 94 c 3770 (n.d. ill.)
- organization Clifton Capital Investments L.P.
- person John Lauer
- person Kenneth Senffner
- organization Securities and Exchange Commission
- company that senffner was a general partner of clifton capital investments, l.p.
- The Commission announced the return of an indictment against Kenneth Senffner
- The indictment alleges that Senffner was a general partner of Clifton Capital Investments, L.P.
- The Commission filed a lawsuit, SEC v. Lauer, et. al., 94 C 3770 (N.D. Ill.)
- The indictment alleges that Senffner, after receiving notice of the temporary restraining order, and in violation of the order, willfully transferred a check made payable to CCI to a third party in Atlanta, Georgia
- The indictment contains three counts
- The indictment alleges that Senffner's actions constitute criminal contempt and obstruction of the due and proper administration of justice
Litigation Release No. 16210 / July 13, 1999 United States v. Kenneth Senffner, N.D. Ill., 99 CR 0490, filed July 8, 1999 The Commission announced the return of an indictment against Kenneth Senffner ("Senffner") for obstructing and impeding a Commission injunctive action involving fraudulent prime bank instruments trading, and for criminal contempt for violating a temporary restraining order entered in the action. The indictment alleges that Senffner was a general partner of Clifton Capital Investments, L.P. ("CCI") in 1992. It further alleges that, in June 1994 the Commission filed a lawsuit, SEC v. Lauer, et. al., 94 C 3770 (N.D. Ill.), against Senffner's partner, John Lauer, CCI, and others seeking an injunction prohibiting CCI from committing federal securities fraud violations, and freezing CCI's assets. A temporary restraining order was entered prohibiting the transfer, sale or other disposition of any assets belonging to the defendants. The indictment alleges that Senffner, after receiving notice of the temporary restraining order, and in violation of the order, willfully transferred a check made payable to CCI to a third party in Atlanta, Georgia, and failed to reverse or disclose the transfer. The indictment contains three counts, and alleges that Senffner's actions constitute criminal contempt and obstruction of the due and proper administration of justice.Litigation Release No. 16210 / July 13, 1999 United States v. Kenneth Senffner, N.D. Ill., 99 CR 0490, filed July 8, 1999 The Commission announced the return of an indictment against Kenneth Senffner ("Senffner") for obstructing and impeding a Commission injunctive action involving fraudulent prime bank instruments trading, and for criminal contempt for violating a temporary restraining order entered in the action. The indictment alleges that Senffner was a general partner of Clifton Capital Investments, L.P. ("CCI") in 1992. It further alleges that, in June 1994 the Commission filed a lawsuit, SEC v. Lauer, et. al., 94 C 3770 (N.D. Ill.), against Senffner's partner, John Lauer, CCI, and others seeking an injunction prohibiting CCI from committing federal securities fraud violations, and freezing CCI's assets. A temporary restraining order was entered prohibiting the transfer, sale or other disposition of any assets belonging to the defendants. The indictment alleges that Senffner, after receiving notice of the temporary restraining order, and in violation of the order, willfully transferred a check made payable to CCI to a third party in Atlanta, Georgia, and failed to reverse or disclose the transfer. The indictment contains three counts, and alleges that Senffner's actions constitute criminal contempt and obstruction of the due and proper administration of justice.