“SEC charges MK funds with Ponzi Activity March 7, 2011 Last week I wrote about the PDVSA Pension Funds and its activities investing in some fund run by Francisco Illaramendi, wondering what the relationship between PDVSA, its pension funds and the Illaramendi funds was and asking aloud whether the Government or PDVSA would ever investigate or answer these questions. Well, today, the US Securities and Exchange Commission filed an amendment complaint in the case, which increases the need for answers from both PDVSA and the Venezuelan Government in the case. The SEC now accuses the Funds of misappropiation and misuse Seguir leyendo