NJ Investment Firm Accused Of $40M Ponzi Scheme

Law360, New York (December 22, 2010, 5:11 PM EST) -- New Jersey officials have won a freeze on the assets of an investment firm accused of operating a $40 million Ponzi scheme.

Judge Kenneth Levy of the New Jersey Superior Court in Essex County on Tuesday froze the assets of Everett Charles Miller, the president of Carr Miller Capital LLC, and his related companies.

The New Jersey Bureau of Securities also revoked the investment adviser registrations of Miller; two cousins and employees, Ryan Jude Carr and Brian Patrick Carr; Carr Miller Capital; and Capital Markets Advisory...
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