When the Government Comes Knocking

Robert Schwartz, General Counsel and Chief Compliance Officer, Deer Park Road Capital Management Company, USA

Its 6:15 AM and a knock at the door arouses you from your sleep. In shorts and a tee shirt you go to the door and ask who is there. It’s the Justice Department with the FBI in tow. There has been no advance notice of this visit and they are not here to arrest you, but on the street of your bucolic neighborhood are several black suburbans and other assorted official vehicles. Sound unlikely? This exact scenario played out for the General Counsel of a company well known in its industry. The DOJ officials told this General Counsel that they were going to question others both in and outside of the company about alleged wrongdoing and wanted information from the GC to help them in their interviews. The GC in question knew that they did not have enough for a search warrant of the company, but he also knew that this was the opening salvo of what would likely be a long fight with the Government.

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USA Compliance Investment July 2019 Vol.12, No. 48, Summer 2019

Robert Schwartz

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Rob Schwartz is responsible for overseeing all legal and compliance aspects of Deer Park Road Management Company, a manager of hedge funds and mutual funds in the fixed income markets. Mr. Schwartz brings over 20 years’ experience in the legal and compliance sector. Prior to joining the firm, he was General Counsel and CCO at Loeb King Capital Management. Previously, Mr. Schwartz was Managing Director at Nomura Corporate Research and Asset Management which managed $12B of High Yield and Leveraged Loan assets. His responsibilities included legal, compliance, marketing and strategic development. Earlier in his career, Rob was a Managing Director within the Asset Backed Securities department of Prudential Securities, in this role he held responsibilities as a Calling Officer for MBS and ABS transactions as well as involvement in the structuring of ABS and warehouse lending transactions. Mr. Schwartz received his JD at Washington University School of Law in St. Louis, MO and earned a BA at Fairleigh Dickinson University in New Jersey.

Deer Park Road Capital Management Company

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Deer Park is an SEC registered investment adviser. It has approx. $3 billion under management in hedge funds and mutual funds. Deer Park is located in the Steamboat Springs, Colorado.

USA Compliance Investment July 2019 Vol.12, No. 48, Summer 2019