TITLE

Federal court freezes Encore assets pending conclusion of SEC probe

AUTHOR(S)
Moore, Miles
PUB. DATE
August 2008
SOURCE
Rubber & Plastics News;8/25/2008, Vol. 38 Issue 2, p20
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that a Detroit, Michigan federal appeals court has frozen the assets of a Livonia-based tire recycling firm, Encore Associated Leasing LLC and its president Paul G. Merklinger. The U.S. Securities and Exchange Commission alleges Merklinger bilked five investors out of at least $7.2 million between September 2006 and July 2007, promising nonexistent profits through the leasing and operation of bogus tire shredding technology.
ACCESSION #
34713139

 

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