The Securities and Exchange Commission’s complaint charges Adams and Madison Timber Properties with violating the antifraud provisions of several federal securities laws. Following the charges, the federal court grants the SEC’s request for an asset freeze. Moreover, Madison Timber and Adams are permanently barred from future violations of the antifraud provisions of the federal securities laws. Finally, Adams and Madison Timber acknowledge and consent to the entry of the court order, and the court requires Adams to surrender his passport.
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