News

Morvillo Abramowitz Successfully Represents Absolute Capital Management's Former Founder, Chairman, and Chief Executive Officer, Sean Ewing, In Getting All Charges Dismissed

07.11.17

NEW YORK, July 11, 2017 – All charges pending against Sean Ewing were dismissed by the Honorable John A. Kronstadt of the Central District of California. Mr. Ewing’s representation was spearheaded by Robert J. Anello, Judith L. Mogul, and Peter Janowski. The result is an unqualified victory for Mr. Ewing, who, among others, had been the subject of an investigation by the government into the fraudulent market manipulation committed by Florian Homm, the former Chief Investment Officer of Absolute Capital Management, a $3.25 billion investment management company. Mr. Ewing had founded ACM and built it through his acquisition of Homm’s investment business and other businesses, including Argo Capital Management. He also served as its Chairman of the Board and CEO. The dismissed charges were books and records violations that did not contain any allegations of fraud or intent to deceive on the part of Mr. Ewing. Those charges have now been dismissed. Additionally, last year, 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 of forfeiture proceedings in the Central District of California. These resolutions have vindicated Mr. Ewing from any allegation that he could or had been involved with Florian Homm’s fraud.