Funds Frozen for Overton Businessman

The financial assets of an Overton businessman suspected of racketeering and money laundering will remain frozen according to a judge's ruling. Overton businessman Allen Petty, Jr. appeared in Federal Court last week, joined by over a hundred of his supporters, in a hearing to determine whether his company, Telecom 2000, had practiced mail fraud and money laundering. It was last Thursday that a judge ruled the court had found sufficient evidence that there was unethical business practices going on to continue holding funds. Today the court found that there was a probability of forfeiture in this case and issued a preliminary injunction on financial assets. The case is an ongoing investigation.