SEC Wins Asset Freeze In $35M Investment Scam Case

Law360, New York (October 18, 2011, 8:09 PM EDT) -- The U.S. Securities and Exchange Commission won its motion to freeze the assets of a Texas man accused of violating securities law by running a scheme that raised $35 million from investors over three years, according to court documents released Tuesday.

James Temme is accused of defrauding investors who believed they were investing in restructured pools of non-performing residential mortgages by lying about how the money was used and misappropriating their funds.

U.S. District Judge Michael Schneider said in his order that there was good cause...
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Case Information

Case Title

Securities and Exchange Commission v. Temme et al


Case Number

4:11-cv-00655

Court

Texas Eastern

Nature of Suit

Securities/Commodities

Judge

Amos L. Mazzant, III

Date Filed

October 14, 2011

Government Agencies

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