Judge Freezes Texas Bond Seller's Assets After SEC Sues

Law360, New York (August 2, 2011, 2:41 PM EDT) -- A Texas federal judge froze the assets of investment guru Brian A. Bjork on Monday, the same day regulators filed a suit claiming he raised $52 million from investors by hawking fake high-yield bonds with a partner who apparently killed himself last month.

Beginning in 2004, Bjork, of Missouri City, Texas, sold $39 million of bonds to more than 100 investors claiming they would yield 9 percent, the U.S. Securities and Exchange Commission claimed in its lawsuit.

The SEC describes Bjork as the CEO of Select...
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