The owner of an investment firm that ran a Ponzi scheme involving trailer parks must turn over a combined $10.5 million in civil penalties and ill-gotten profits, a federal judge in Denver ruled, handing a win to securities regulators.
Chief Judge Philip A. Brimmer ordered Tytus Harkins to return $7 million in wrongful profits, including $1.2 million in interest, and pay a $3.5 million penalty. His ruling Tuesday cited Harkins’ lack of remorse and the high degree of planning that went into “compounding his lies with more lies.”
Brimmer, writing for the US District Court for the District of Colorado, …
