SEC Wins $75M In Suit Over Mantria Ponzi Scheme

Law360, New York (August 31, 2012, 1:52 PM EDT) -- The U.S. Securities and Exchange Commission on Thursday won about $75 million from two executives of sham investment firm Mantria Corp. who admitted to defrauding retirees and other elderly investors by selling them bogus securities purportedly tied to environmentally friendly projects.

Troy B. Wragg and Amanda E. Knorr, both principals of Mantria, were each ordered to pay more than $37 million plus interest in disgorgement and more than $37 million plus interest in civil penalties, according to a judgment by U.S. District Judge Christine M. Arguello....
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Case Information

Case Title

Securities and Exchange Commission v. Mantria Corporation et al


Case Number

1:09-cv-02676

Court

Colorado

Nature of Suit

Securities/Commodities

Judge

Christine M. Arguello

Date Filed

November 16, 2009

Government Agencies

UK Financial Services

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