Feds Accuse Fla. Investment Adviser Of Ponzi Scheme

Law360, New York (October 15, 2009, 5:20 PM EDT) -- A federal judge has frozen the assets of a Florida investment adviser following accusations by the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission that he ran a Ponzi scheme that defrauded thousands of investors.

The SEC filed a complaint Wednesday in the U.S. District Court for the Middle District of Florida alleging that David Merrick, 61, and the funds Traders International Return Network, MS Inc., GTT Services Inc., MDD Consulting Inc. and Go Tourism Inc. were engaged in a fraud that involved...
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