SEC Settles With Houston Man Over $114M Ponzi Scheme

By Peter Hall ( August 3, 2015, 9:24 PM EDT) -- A Houston-area businessman has agreed to settle U.S. Securities and Exchange Commission charges in Texas federal court that he ran a $114 million Ponzi scheme, defrauding more than 300 investors in technology to prevent accidents caused by drowsy driving purportedly being developed by an insolvent company....

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