Micind Capital's Assets Frozen In Ponzi Suit

Law360, New York (June 21, 2010, 4:21 PM EDT) -- A federal judge has frozen the assets of Micind Capital Management Inc. and its principal, Richard D. Theye, whom the U.S. Commodity Futures Trading Commission has accused of running a multimillion-dollar Ponzi scheme.

There is good cause to believe that the defendants are engaging in acts and practices in violation of the CFTC Reauthorization Act and doing immediate and irreparable damage to the ability of the court to grant final financial relief to their customers, Judge Sam Sparks of the U.S. District Court for the Western...
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