Former Finance Executive In Texas Found Guilty On 39 Fraud Counts In $75 Million Ponzi Scheme

Kurt Barton, 43, of Austin, Texas, has been found guilty on all 39 financial fraud felony counts filed against him for operating a Ponzi scheme that bilked investors out of $75 million.    Barton, the CEO of Triton Financial, raised investor funds ostensibly for real estate and businesses, as well as to make short-term loans to business owners.  Only about $20 million of the $75 million raised went for toward legitimate investments, the rest supported his lifestyle and paid for prior investors' purported returns.  Barton was convicted on one count each of conspiracy, securities fraud, 15 counts of wire fraud, five counts of false statement related to a loan and 17 counts of money laundering.

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