SEC Freezes Trader's Assets Over $4M Offering Fraud

Law360, New York (February 28, 2011, 8:46 PM EST) -- The U.S. Securities and Exchange Commission revealed Thursday that it had halted an alleged offering scheme that swindled $4 million from investors.

Judge Sam Lindsay of the U.S. District Court for the Northern District of Texas unsealed the documents last week in the SEC’s case against Christopher Love Blackwell, a purported trader who allegedly filched millions of dollars from investors in a fictitious fixed-income trading program.

The agency filed suit Feb. 7 accusing Blackwell of luring 13 investors, including one former Dallas Cowboy football player, with...
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