Titan's Assets Frozen In SEC's Ponzi Scheme Suit

Law360, New York (August 26, 2009, 7:23 PM EDT) -- A federal judge froze the assets of Titan Wealth Management LLC on Wednesday, a day after the U.S. Securities and Exchange Commission accused the firm of defrauding investors of $3.1 million in a cross-border Ponzi scheme.

Judge Michael H. Schneider of the U.S. District Court for the Eastern District of Texas granted the SEC a temporary restraining order, asset freezing, preservation of accounting and documents, and a request for expedited discovery.

Judge Schneider found cause to believe that the defendants have engaged in acts and practices...
To view the full article, register now.