Opalesque Industry Update - The Securities and Exchange Commission has filed criminal charges against Framingham-based Daniel Thibeault for allegedly misappropriating $16m in an investment scheme. The 40-year-old Thibeault founded the company Graduate Leverage in Waltham to invest in consumer loans. But the SEC accused him of creating fictitious loans since 2013 to divert money from GL Beyond Income Fund to himself and other related defendants. According to the charge sheet, Thibeault applied loans using names and personal information of other people without their knowledge. |