A female self-made billionaire has vowed to fight civil fraud charges lodged against her by the Securities and Exchange Commission over claims she wrongly claimed more than $ 200 million in fees suggesting it was a battle between 'good and evil ' . Wall Street executive Lynn Tilton , 55 , of Patriarch Partnership is accused of hiding poorly performing investments among some of her dealings with distressed companies . The high-profile investor seeks out companies facing financial problems and attempts to turn them into profitable businesses . Lynn Tilton , pictured , has vowed to defend herself against charges that she defrauded her investors . However , the SEC believes that Ms Tilton failed to adequately tell people who invested more than $ 2.5 billion in some of her companies that they continued to face financial difficulties . The SEC said alleged fraud has continued since 2003 . The SEC 's decision to prosecute Tilton is seen as an attempt by government regulators to impose standards on Wall Street . President Obama has recently announced tougher restrictions on brokers who advise Americans over their retirement accounts . The SEC claims that Tilton failed her legal duty to clients to warn that some of the companies she had invested their money in were performing worse than expected . In its filing to a New York court the SEC said that Tilton 'intentionally and consistently directed ' that the value of the assets remained unchanged even though they were worth less . The court documents said that three of the funds had under performed and Tilton had failed to pass this information on to her clients . The Securities and Exchange Commission claims that Tilton , second right , failed to properly inform her clients that some of the investment products had not been performing as well as they had anticipated . Tilton 's company dismissed the allegations claiming that the SEC action was 'ill-founded and at odds with Patriarch 's investment strategy , which was consistently disclosed since the inception of the funds . 'We look forward to the opportunity to vigorously defend ourselves against the SEC 's allegations . ' Tilton told CNBC that despite the SEC 's case against her , she will continue to run more than 70 companies in her portfolio . She said : ' I am shocked . I am disappointed , saddened and ... I am certain that the allegations are ill-founded . ' She said the case was 'the ultimate battle in good against evil , light against dark . ' She added : 'My number one priority is protecting my company and my people so that I can maximize the value of the funds . My people need to know that I am fighting for them . I also want to live in a country where I can fight for truth without assuming that because it 's the government that I am guilty without the battle . As someone who has always fought for truth , and protected her integrity and her intent , and have prevailed , I expect to do that . ' Tilton claimed that her business model of investing in distressed companies does involve some failures , although she described her backers as 'sophisticated investors ' .
Watchdog claims Lynn Tilton failed to keep investors properly informed . She has also been accused of wrongly charging $ 200 million in fees . Tilton has dismissed any claims of wrongdoing and has vowed to fight . She said she takes troubled businesses and turns them around into profit .