| TLC Investments & Trade Co., et al. | |||||
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On October 3, 2000, the Securities and Exchange Commission, filed a complaint against Ernest F. Cossey and Gary W. Williams and entities controlled by them (TLC Investments & Trade Co., TLC America, Inc. dba Brea Development Company, TLC Brokerage, Inc., dba TLC Marketing, TLC Development, Inc, and TLC Real Properties RLLP-1). The Complaint alleges that since 1998, the entities controlled by Cossey and Williams have raised at least $156 million from more than 2,600 investors. On October 5, 2000, the Honorable David O. Carter, United States District Judge for the Central District of California, issued a temporary restraining order and appointed a Temporary Receiver over the Company's assets. On October 30, 2000, Judge Carter issued a Preliminary Injunction and appointed a Permanent Receiver. For further information, please click on the links below. |
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