Assets Of Accused $15.7M Ponzi Schemers Frozen

Law360, New York (June 24, 2010, 7:04 PM EDT) -- A federal court has granted the U.S. Securities and Exchange Commission's request for a temporary restraining order freezing the assets of two defendants named in the agency's complaint targeting a trio of alleged Ponzi schemes worth a combined $15.7 million.

Joseph A. Nelson, director of the allegedly fraudulent fund JCN Inc., and Kevin J. Wilcox, a relief defendant who allegedly accepted $46,000 from Nelson, will have to appear in court July 6 as the court mulls preliminary injunctions, according to an order signed Wednesday by Judge...
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