The 2010 Dodd-Frank financial reform act grants the SEC greater flexibility to file cases through its internal system, as opposed to federal court.
(Merrill denied the charges, and the case was settled right before going to trial.) Amroc, with Gardner at the helm, was known as a relatively benign environment for women.
All she had to do was go to banks with high-yield loan departments, find portfolios of troubled loans they were looking to get off their books, value them, and broker the sale.
She purchased the equity for next to nothing, which meant she would be repaid after the banks and other investors, but could benefit enormously if the companies did well.
In all of the Zohars, Patriarch has control over which assets are in the fund, how those assets are managed, and whether they’re considered to be performing or if they’re in default, with little requirement that Tilton share the details with her investors.