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.
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.