On October 6, 2025, a federal district court in Madison, Wisconsin, issued final judgments against Michael G. Hull, Christopher J. Nohl, and several related entities. These entities include Bluepoint Investment Counsel LLC, Chrysalis Financial LLC, and Greenpoint Asset Management II LLC. The decision followed a jury verdict from August 2022. The jury found the defendants liable for securities fraud involving the Greenpoint Tactical Income Fund, a private investment fund in Wisconsin.
The U.S. Securities and Exchange Commission (SEC) had charged Hull, Nohl, and their companies with misrepresenting investment returns in a portfolio that included gems, minerals, and private equity. The court ordered the defendants to pay more than $27.5 million. This amount includes $12,560,647 in disgorgement, $3,537,378 in prejudgment interest, and civil penalties. Hull and Nohl were each fined $5 million. Their companies were ordered to pay $500,000 each…