Judge Freezes Ga. Fund Manager's Assets In Fraud Suit

Law360, New York (December 21, 2010, 5:37 PM EST) -- A judge has issued a preliminary injunction against a Georgia investment manager accused by the U.S. Securities and Exchange Commission of defrauding investors in a $4.5 million scheme that traded in unregistered securities.

Judge William S. Duffey, Jr. issued the injunction Tuesday in the U.S. District Court for the Northern District of Georgia, barring Kenneth Burnt from trading or withdrawing money from the investment accounts and freezing the assets of the two companies he controls.

The SEC accused Burnt on Monday of offering unregistered securities, misrepresenting...
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