COURT ENTERS FINAL JUDGMENT AGAINST ALERO ODELL MACK, JR.

FROM: U.S. SECURITIES AND EXCHANGE COMMISSION
The U.S. Securities and Exchange Commission announced today that on August 7, 2012, the United States District Court for the Central District of California granted the Commission’s motion for summary judgment and entered a Final Judgment against defendant Alero Odell Mack, Jr. ("Mack") in a pending civil action. The Final Judgment enjoins Mack from violations of Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and Sections 206(1), (2), and (4) of the Investment Advisers Act of 1940 and Rule 206(4)-8 thereunder. In addition, the Court ordered Mack to pay disgorgement of $1,079,879, prejudgment interest of $58,905.32, and a civil penalty of $150,000.

According to the complaint, from 2007 through as late as March 2010, Mack, Steven Enrico Lopez, Sr., and various entities under Mack’s control, obtained approximately $4 million in investor funds through various fraudulent investment schemes that primarily involved the offer and sale of investments in various purported hedge funds, as well as in an investment adviser to a hedge fund. The Commission previously obtained judgments against defendants Steven Enrico Lopez, Sr., Easy Equity Asset Management, Inc., Easy Equity Management, L.P., Easy Equity Partners, L.P, Alero Equities The Real Estate Company, L.L.C., and Alero I.X. Corporation.