Federal investigators asked the court to freeze the assets of a Lamesa man. This after they searched and seized part of his property.
NewsChannel 11 broke this story Tuesday when the Securities and Exchange Commission filed a complaint against 46-year-old Rod Stringer. Authorities say he ran a fraudulent investment scheme and misappropriated millions of dollars from investors.
On Friday, FBI agents searched his home outside of Lamesa and his downtown office. They seized approximately $2.2-million in cash and securities.
Investigators asked the court to freeze all of Stringer's assets. They've also asked for a court order requiring that stringer give them an immediate accounting and demand he not destroy any records.
1/20/09
SEC Files Complaint Against Lamesa Man
Retirement plans for more than two dozen people on the South Plains could be in jeopardy, after federal investigators filed a complaint against a Lamesa man. |
All content ©Copyright 2000 - 2013 WorldNow and KCBD, a Raycom Media Station. 