SEC Wins Asset Freeze On Accused Insurance Fraudster

Law360, New York (September 2, 2011, 5:47 PM EDT) -- The U.S. Securities and Exchange Commission said Friday it had halted a $4.5 million fraudulent investment scheme by the owner of a Los Angeles-based company that claimed to broker reverse life insurance settlements.

U.S. District Judge George H. King granted the SEC an emergency motion to freeze Christian Stanley Inc.'s assets Thursday, appointing Robb Evans & Associates LLC as temporary receiver over the entities.

Daniel C.S. Powell and his company Christian Stanley spent seven years operating under the guise of a legitimate company that sold reverse...
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