Injunction Ordered Against Millennium Ponzi Suspect

Law360, New York (August 14, 2009, 2:03 PM EDT) -- A California woman accused by federal authorities of helping to mastermind a $68 million Ponzi scheme promising Millennium Bank investors huge, recession-proof returns on certificates of deposit has consented to a permanent injunction as part of her cooperation in the case.

The injunction, issued Thursday in the U.S. District Court for the Northern District of Texas, was agreed to by Kristi M. Hoegel in a partial settlement agreement.

Hoegel agreed not to violate securities laws and to an asset freeze, according to court papers, but any...
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