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Nebraska Ponzi Scam Alleged

Bryan S. Behrens, et al.: "SEC obtains TRO to halt fraudulent ponzi-like scheme."

"On January 10, 2008, the Securities and Exchange Commission obtained an order temporarily restraining Bryan S. Behrens and a private entity controlled by him, National Investments, Inc., from continuing to engage in the fraudulent offer and sale of securities. The Honorable Joseph F. Bataillon of the United States District Court for the District of Nebraska also froze the defendants' assets, ordered that discovery be accelerated and that defendants be prohibited from destroying documents, ordered the defendants to promptly provide sworn accountings of investor funds and other assets, and ordered that a preliminary injunction hearing be held on January 16, 2008 to determine if the interim relief should be continued."

(Via SEC.gov Updates: Litigation Releases.)

Full post as published by Misleading Advertising Law on January 13, 2008 (boomark / email).