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Kurt Branham Barton found guilty

Updated: August 17, 2011, 11:45 PM ET
Associated Press

AUSTIN, Texas -- A former CEO of an Austin-based investment firm was convicted Wednesday of running a scam that targeted former professional athletes and cheated hundreds of people nationwide out of more than $50 million.

A federal jury convicted Kurt Branham Barton, 44, in a Ponzi scheme that gained the trust of more than 300 investors -- including former NFL players and Heisman Trophy winners, said John E. Murphy, the U.S. attorney for the Western District of Texas.

Barton -- the ...

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