A local resident filed suit against the Louisiana-based firm over what she says is “a serious design flaw” in a 401(k) plan managed by six investment companies.
The lawsuit claims she diverted millions – including through a sham nonprofit – to pay for mountain real estate, private school and a Jaguar.
A local investor has run afoul of the SEC for what the regulator calls exaggerated marketing claims and strategies that lost clients almost 100 percent of their principal.
Bob Ogdon has raised millions of dollars to grow companies like Swiftpage, the software company overlooking 17th and California streets downtown, but now finds himself on the buy side of the private equity market.
Justin Borus’ Ibex Driverless fund launched this month with plans to raise $100 million for investing in driverless-car technology companies.
A 14-year-old private equity company has closed its biggest fund yet, which it plans to invest over the next five years in the central U.S.
“The concept for [the high-end homes] is Cherry Creek duplex units,” said Moonstar Investments head Scott Axelrod. “Except not in Cherry Creek. And not at Cherry Creek prices.”
The 30-year-old club is betting it can use its network of more than 200 angel investors and 250 entrepreneurs to fund startups in need of a couple hundred thousand dollars to get started.
The Broomfield-based firm plans to erase more than $120 million in debt and tweak its business model from a real estate owner to an upscale rental agency; and wants to convert customers into shareholders.
September saw venture capital in Colorado startups spike to a nine-month high of $86.8 million.