News

Morvillo Abramowitz Partners Robert J. Anello and Judith L. Mogul and Associate Peter Janowski Successfully Represent Former CEO of Absolute Capital Management

07.18.16

NEW YORK, July 18, 2016 — All charges in a criminal complaint pending against the former Chief Executive Officer of Absolute Capital Management (“ACM”), a $3.25 billion investment management company based in Majorca, were dismissed with prejudice in the Central District of California pursuant to a Deferred Prosecution Agreement negotiated on Mr. Ewing’s behalf by partners Robert J. Anello and Judith L. Mogul, with the U.S. Attorney’s Office in that district. The result is a victory for Mr. Ewing, who, for the past three years, has been the subject of an investigation by the government into the fraudulent market manipulation committed by Florian Homm, the former Chief Investment Officer of ACM. Simultaneously, a resolution was reached resulting in the dismissal of all charges in a civil case pending against Mr. Ewing in the Southern District of New York and putative forfeiture proceedings in the Central District of California. Mr. Ewing was advised by partners Robert J. Anello, Judith L. Mogul, and associate Peter Janowski.