A preliminary injunction has been issued against a scotts valley man in response to allegations that he was involved in fraud. The injunction was granted by a federal judge at the request of the securities and exchange commission. The action bars john geringer from conducting further business related to G-L-R growth fund, and freezes all financial accounts associated with the investment fund. geringer is accused in an S-E-C lawsuit of using the fund to run a ponzi-scheme, where he paid investors with money from newer investors, instead of actually making a profit with his clients’ money. Geringer has not yet formally responded to the S-E-C’s allegations.
