Williams could not be reached for comment late Thursday. U.S. District Judge David O. Carter issued a temporary restraining order on Wednesday that froze TLC's assets for 12 days pending a hearing. Carter also ordered TLC to make an accounting of its finances. A federal court hearing is set for Oct. 16. Steward maintains that his client's business is not guilty of any crime.
Investors are absolutely safe.
His client did not get previous notification of the lawsuit filed by the SEC or that bank accounts would be frozen, Steward said. If that's true, that's very unfortunate,'' he said. I' m dumbfounded,'' Hockwalt said. You'll ultimately learn how to shine brighter through biblically-based financial stewardship,'' it read. The SEC was seeking an order that would force the defendants to pay fines and give up any money gained as a result of fraud, she said.