AA Capital Partners Inc
Web Site: www.aacapitalpartners.com
E-mail: info@aacapitalpartners.com
Contact Details
| Main Office Suite 3712, 10 South LaSalle Street Chicago, 60603 Illinois United States | Other Office 29401 Stephenson Highway Madison Heights, 48071 Michigan United States |
Telephones
| Main Office | +1 (312) 419-4780 | Chicago | Fax | +1 (312) 419-4790 | Chicago | ||
|---|---|---|---|---|---|---|---|
| Other | +1 (248) 547-0128 | Detroit | Other Fax | +1 (248) 548-3160 | Detroit | ||
Corporate Profile
| Company Type: | Private equity firm |
|---|---|
| Overview: | After a nine-day audit in August 2006, the US Securities and Exchange Commission (SEC) won a court order in September 2006 to appoint a receiver and freeze the assets of Chicago's AA Capital, which managed USD 194 million for six union pension funds. The SEC announced on September 8, 2006 that it had issued a restraining order against AA Capital Partners Inc and its founder and president, John A Orecchio. The SEC alleged that AA Capital Partners was running a Ponzi scheme and misappropriating client assets. AA Capital deployed a diverse investment strategy. Its private equity investments included a Hawaii real estate time-share project, a Chicago-based hip-hop music company, and a Biloxi, Mississippi casino. The pension funds that entrusted their assets to AA Capital included a Detroit-based carpenters’ fund, an Arkansas-Oklahoma carpenters’ fund, and a Michigan teamsters’ pension fund. |
Current Employees
| Employee | Job Title | Office | Comment | |
|---|---|---|---|---|
| Mr Brian Brown | Managing Director | |||
| Mr Matthew Friesl | Vice President | |||
| Ms Elizabeth Govea | Vice President | |||
| Mr Michael Mondalek | Vice President Business Development | |||
| Mr Paul Oliver Jr | Managing Director | |||
| Mr John Orecchio | Managing Director | |||
| Ms Mary Beth Stevens | Chief Financial Officer | |||
| Mr Charles Wall Jr | Managing Director |
