Ex-Triton CEO Convicted In $50M Ponzi Scheme

Law360, New York (August 17, 2011, 10:24 PM EDT) -- A Texas federal jury on Wednesday convicted former Triton Financial LLC head Kurt B. Barton of running a $50 million Ponzi scheme that victimized 300 people including family members, professional football players and members of the Church of Jesus Christ of Latter Day Saints.

From December 2005 to December 2009, the former Triton president and CEO allegedly used the company's position as a co-sponsor of the Heisman Trophy Trust to solicit investments from family, friends and business leaders. He told them their investments with Triton would...
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