SEC alleges fraud by Austin investment firm
Business Law
An Austin businessman and two of his companies are accused in an alleged scam using former NFL players to attract investors.
The Securities and Exchange Commission on Tuesday filed securities fraud charges in federal court in Austin naming Kurt B. Barton, Triton Financial LLC and Triton Insurance.
The SEC alleges $8.4 million was raised from about 90 investors to purchase an insurance company.
Regulators say the money instead went to pay Triton expenses.
The SEC says Barton and Triton have consented to court orders freezing their assets and appointment of a receiver.
Barton attorney Joe Turner says his client will work with the receiver to ensure that investors "do not lose their money."
Related listings
-
Prosecutors: LA man cheated investors out of $10M
Business Law 12/15/2009A Los Angeles man has pleaded not guilty to running a Ponzi scheme that cheated about 50 investors in a NASCAR merchandise wholesale business out of at least $10 million.Federal prosecutors say 63-year-old Eliott Dresher was arraigned and ordered hel...
-
Court rejects new appeal of Chrysler sale
Business Law 12/14/2009The Supreme Court has declined to take another look at Chrysler's bankruptcy.The justices on Monday turned down an appeal from the state of Indiana pension funds that earlier challenged the automaker's bankruptcy proceedings. The bulk of Chrysler LLC...
-
Nortel wins approval for sale of businesses
Business Law 12/03/2009Nortel Networks Corp. said late Wednesday it won court approval in the U.S. and Canada to sell two of its business units.The larger unit, Nortel's global optical networking and carrier ethernet businesses, is going to Ciena Corp. The business is one ...
Is Now the Time to Really Call a Special Education Lawyer?
IDEA, FAPE, CHILD FIND and IEPs: The Individuals with Disabilities Education Act (IDEA) guarantees all children with disabilities to a free appropriate public education (FAPE). FAPE starts with a school’s responsibility to identify that a child has a disability (Child Find) and create an Individualized Education Program (IEP) to suit the needs of the child.
Forte Law Group is one of only a very few law firms within the state of Connecticut that is dedicated to exclusively representing families and children with special needs.
Parents need to be persistent, dedicated and above all else aware of the many services and accommodations that their child is entitled to under the law. As early as this point within your child’s special education, many parents will often find themselves in the situation asking, “is now the time to really call a special education lawyer?” Here are a few things to consider when asking yourself that question.