Barrington firm's assets remain frozen in Ponzi probe
A Barrington firm's assets remain frozen after the company and the Commodity Futures Trading Commission agreed to such an order last week, the commission said.
Brookshire Raw Materials Management LLC is run by John M. Marshall and Stephen Z. Adams. The two are accused in a civil complaint of making unauthorized withdrawals from 2006 to 2008 and wiring the funds to Canada, mostly in the care of Marshall, according to a prepared statement from the commission released Tuesday. The penalty, if the two are found to have made unauthorized withdrawals, could be a fine and restitution.
U.S. District Judge Amy St. Eve ordered the funds frozen in February, and last week Brookshire and the commission entered a joint order keeping the funds frozen while the matter is litigated.
An attorney for Brookshire had no immediate comment.