Judge Orders Asset Freeze Amid CFTC Suit

Law360, New York (March 8, 2012, 5:17 PM EST) -- An Alabama federal judge on Wednesday issued an emergency restraining order against a businessman whom the U.S. Commodities Futures Trading Commission had accused only days earlier of bilking $4.8 million from investors in two commodity pools he managed.

U.S. District Judge Myron H. Thompson ordered John David Stroud's assets frozen following the CFTC's Monday action against Stroud and his three companies — Stroud Capital Management LLC, TS Capital Partners LLC and TS Capital Management LLC. The judge's ruling also bars Stroud from destroying records or not...
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