The court also froze Lawrence's assets, and the assets of five named relief defendants.Īccording to the SEC's complaint, Lawrence schemed to defraud investors and misappropriated at least $4.8 million of investor funds for personal benefit. On May 4, 2023, the court entered an ex parte temporary restraining order against Lawrence, prohibiting him from violating the antifraud provisions of Securities Act and Exchange Act, and from soliciting, accepting, or depositing any monies obtained from actual or prospective investors pending the final outcome of the action, as well as other ancillary relief. District Court in the Eastern District of Wisconsin, after it filed a complaint under seal charging Charles Thomas Lawrence, Jr., a resident of Connecticut and Long Island, New York, with misappropriating at least $4.8 million from 11 investors in Wisconsin, North Carolina, New York, and elsewhere. The SEC today announced that it had obtained ex parte emergency court orders from the U.S.
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