Former NFL Star Reaches Deal With SEC

Law360, New York (May 6, 2010, 5:00 PM EDT) -- The U.S. Securities and Exchange Commission has cut a temporary deal with former Detroit Lions receiver Michael Farr, a friend of alleged private equity fraudster Roy Dixon, requiring Farr to provide additional security in return for the government lifting a freeze on a car dealership he owns.

A preliminary injunction in the matter would benefit three Detroit-area pension funds that invested their money with Dixon's Onyx Capital Advisors LLC, the SEC told the U.S. District Court for the Eastern District of Michigan on Wednesday.

The SEC...
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