The SEC has charged venture capitalist, William Del Biaggio, with fraud. He is charged with defrauding investors and using the proceeds to buy his $25M share in the NHL's Nashville Predators. Using his clients' assets as collateral, he was able to obtain $100M in loans. He also forged documents to obtain $45M in loans. He resigned from his post of general partner at Sand Hill Capital in May. For more see S.E.C Charges Venture Capitalist With Fraud by CLAIRE CAIN MILLER, published: December 4, 2008.