The Securities and Exchange Commission settled its civil lawsuit against hedge fund Durus Capital Management and its principal, Scott R. Sacane, on fraud charges. The judgment includes injunctions against future violations of the federal securities laws.

In a related criminal suit in April, to which Sacane pled guilty, the SEC sentenced Sacane to three years in prison, ordered him to pay $5.7 million in restitution and barred him from any association with an investment advisor.

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