WASHINGTON AP - Federal regulators on Wednesday charged an investment adviser with securities fraud, saying he bilked clients out of at least $6.5 million in the first scheme using the government's $700 billion financial bailout program as a front to lure investments.The Securities and Exchange Commission won a court order freezing the assets of Gordon Grigg of Nashville, Tenn.
January 29, 2009 at 12:00 AM
1 minute read
WASHINGTON AP – Federal regulators on Wednesday charged an investment adviser with securities fraud, saying he bilked clients out of at least $6.5 million in the first scheme using the government’s $700 billion financial bailout program as a front to lure investments.
The Securities and Exchange Commission won a court order freezing the assets of Gordon Grigg of Nashville, Tenn., and his firm, ProTrust Management Inc.
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