Texas Holding Cos. Carried Out $13M 'Egregious Fraud': SEC

Law360, Los Angeles (February 16, 2017, 7:23 PM EST) -- A Dallas man and two companies he founded bilked at least 100 victims out of more than $13 million through fraudulent securities offerings, according to a U.S. Securities and Exchange Commission complaint and preliminary injunction motion filed in Texas federal court and unsealed Thursday.

Patrick O. Howard, Howard Capital Holdings LLC and Optimal Economics Capital Partners LLC raised more than $13 million through the fraudulent offer and sale of interests in three private funds, according to the SEC's complaint, first filed under seal Tuesday.

Howard, 46,...
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Case Information

Case Title

Securities and Exchange Commission v. Howard et al


Case Number

3:17-cv-00420

Court

Texas Northern

Nature of Suit

Other Statutes: Securities/Commodities/Exchange

Judge

Sam A Lindsay

Date Filed

February 14, 2017

Government Agencies

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