SEC Wins TRO, Asset Freeze In $50M Ponzi Case

By Melissa Lipman (July 28, 2009, 5:06 PM EDT) -- A federal judge has temporarily barred two Michigan residents accused of running a $50 million Ponzi scheme from using their own assets or those of their real estate investment funds, which the U.S. Securities and Exchange Commission claims defrauded hundreds of elderly investors....

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