Reality Show Investor Loses Trading Rights Over $6M Scam

Law360, New York (September 10, 2013, 7:16 PM EDT) -- An Indiana federal court on Monday issued a preliminary injunction preventing investment manager John K. Marcum from fraudulent securities trading, in a U.S. Securities and Exchange Commission lawsuit accusing Marcum of spending $6 million of his investors' money on bizarre side businesses like a bounty hunter reality TV show.

According to the SEC's Aug. 26 initial complaint, Marcum raised the $6 million for his Guaranty Reserve Trust LLC but lost some of the money and used the rest to start personal businesses including a bridal store,...
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