March 16, 2020
A Texas federal judge on Monday agreed with a magistrate judge's recommendation not to grant an early win to either the U.S. Securities and Exchange Commission or an alleged Ponzi schemer accused of bilking elderly investors out of $3.8 million.
April 09, 2018
The U.S. Securities and Exchange Commission sued two Texas men on Monday, saying they raised $3.8 million from dozens of elderly investors and spent it on themselves while claiming that the money was placed with "safe" real estate and energy investments.