Feds freeze assets of Michigan firm
The Securities and Exchange Commission won a court order freezing the assets of a Swartz Creek, Mich. company that it says duped investors worldwide out of more than $72 million.
Less than half the money was invested and lost substantial value. The rest was parceled out to family members.
The company marketed itself on the Internet globally and had investors in all 50 states.
Details can be found here.