Authorities Ask Court to Freeze Stringer Assets - KCBD NewsChannel 11 Lubbock

1/21/09

Authorities Ask Court to Freeze Stringer Assets

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.

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