SEC Suit Accuses Man of Ponzi Scam HOME EDITION

[David R. Lund] is the owner of Investors First Financial Services Inc. and Investors Guild Inc., based in Anaheim Hills. The SEC alleged that Lund had fraudulently raised $10.7 million from at least 233 investors since 2001. U.S. District Judge Dale S. Fischer issued a temporary restraining order a...

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Bibliographic Details
Published inThe Los Angeles times
Main Author Kristof, Kathy M
Format Newspaper Article
LanguageEnglish
Published Los Angeles, Calif Los Angeles Times Communications LLC 17.12.2005
Subjects
Criminal investigations
Investors
Litigation
Lund, David R
Older people
Securities fraud
Huntington Beach California
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Summary:[David R. Lund] is the owner of Investors First Financial Services Inc. and Investors Guild Inc., based in Anaheim Hills. The SEC alleged that Lund had fraudulently raised $10.7 million from at least 233 investors since 2001. U.S. District Judge Dale S. Fischer issued a temporary restraining order against Lund and his companies and issued orders to freeze his assets and prohibit the destruction of documents. The court also appointed Thomas F. Lennon Inc. as a temporary receiver of the various company and partnership assets.
ISSN:0458-3035