That activity not only altered his role at GPH but may well have constituted engaging in private securities transactions, for which separate approval is required.
The transactions between Venture and Winget's separate affiliates were largely disclosed, but with so much money going out the door, Venture eventually had trouble paying its bills.
In a separate development, Cyprus announced a partial relaxation of capital controls, raising the ceiling for financial transactions that did not require central bank approval and allowing the use of cheques to 9, 000 euros per month.