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Charge dropped in Ponzi gun incident

Oct. 19, 2011 at 11:57 AM   |   Comments

AUSTIN, Texas, Oct. 19 (UPI) -- Authorities in Texas say they've dropped felony charges against a woman who confronted a convicted Ponzi schemer with a gun.

Christine Cayton said she just wanted her investment back when she took a handgun to the Austin offices of Triton Financial in 2009 and pointed it at Triton chief executive Kurt Barton.

Barton was convicted in August in federal court in what prosecutors said was a Ponzi scheme that bilked investors of almost $75 million, the Austin American-Statesman reported Wednesday.

Cayton, who reportedly had invested $125,000 with Barton, was originally charged with aggravated assault, a felony, as well as misdemeanor unlawful carrying of a weapon.

Prosecutors said they considered Barton's conviction in deciding to drop the felony charge against Cayton.

"Based on all of the circumstances, we think the resolution of this case as an unlawfully carrying a weapon will serve the ends of justice," Trial Bureau Director Buddy Meyer said.

© 2011 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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