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."
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Grounds for Divorce in Ohio - Sylkatis Law, LLC
A divorce in Ohio is filed when there is typically “fault” by one of the parties and party not at “fault” seeks to end the marriage. A court in Ohio may grant a divorce for the following reasons:
• Willful absence of the adverse party for one year
• Adultery
• Extreme cruelty
• Fraudulent contract
• Any gross neglect of duty
• Habitual drunkenness
• Imprisonment in a correctional institution at the time of filing the complaint
• Procurement of a divorce outside this state by the other party
Additionally, there are two “no-fault” basis for which a court may grant a divorce:
• When the parties have, without interruption for one year, lived separate and apart without cohabitation
• Incompatibility, unless denied by either party
However, whether or not the the court grants the divorce for “fault” or not, in Ohio the party not at “fault” will not get a bigger slice of the marital property.