10th Circuit Panel Affirms District Court Orders In SEC Enforcement Action

Mealey's (January 28, 2019, 1:50 PM EST) -- DENVER — A 10th Circuit U.S. Court of Appeals panel on Jan. 24 upheld a federal district court’s rulings granting the Securities and Exchange Commission a preliminary injunction against the operator of an alleged worldwide Ponzi scheme that prohibited him from conducting business on behalf of his company and declining to set aside the receivership that was put in place after the court froze the defendants’ assets and placed them into receivership (Securities and Exchange Commission v. Charles D. Scoville, et al., No. 17-4059, 10th Cir., 2019 U.S. App. LEXIS 2316)....