Ex-Triton CEO’s Conviction For $50M Ponzi Scheme Upheld

Law360, New York (September 7, 2011, 7:33 PM EDT) -- Former Triton Financial LLC head Kurt B. Barton, who could face life in prison after being convicted of running a $50 million Ponzi scheme, on Wednesday lost a bid for a new trial when a Texas federal judge said his counsel could not have produced a different outcome with more time to prepare.

U.S. District Judge Sam Sparks denied Barton's request for a new trial and his lawyer's request for a replacement to represent Barton at sentencing, saying the prosecution's evidence was too strong to yield...
To view the full article, register now.