The U.S. District Court for the District of Nevada granted the SEC’s request for an order freezing the defendants’ assets.
In a statement, Tanya Beard, Acting Director of the SEC’s Salt Lake Regional Office, said, “As alleged in our complaint, Beasley, Judd, and others enriched themselves through lies and deception, using their religious and community networks to fleece investors out of hundreds of millions of dollars after promising them a nearly 50 percent annual increase on their initial investment. ”
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