Atty Settles SEC Claims Over $300M Gold Scheme

Law360, New York (January 24, 2012, 12:04 PM EST) -- A lawyer who served as corporate counsel to a gold investment firm that authorities characterized as a $300 million Ponzi scheme agreed Monday in Seattle never to serve as a public executive again and to pay back ill-gotten money.

Florida attorney Martin Miles Werner, who had filed a motion to dismiss the U.S. Securities and Exchange Commission's allegations against him in May, changed his tune this week and agreed to disgorge ill-gotten gains, cough up civil penalties and pay interest going back to April 2008.

It was...
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