Fake Paulson & Co. Ponzi Schemers Won't Fight SEC Suit

Law360, New York (July 8, 2013, 3:45 PM EDT) -- The U.S. Securities and Exchange Commission on Friday said a convicted father and son team who ran a $4.3 million Ponzi scheme disguised as being affiliated with investment firm Paulson & Co. Inc. have agreed to consent judgments against them, after being sentenced to prison for fraud.

John Henley Fowler, 64, and his son Jeffrey Robert Fowler, 35, both waived their rights to jury trials and any appeals of the SEC’s proposed final judgments against them in connection with its civil suit filed in Florida federal...
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