March 31, 2009
The president of disgraced securities company AmeriFirst Funding Inc. has reached a settlement with the U.S. Securities and Exchange Commission over his alleged involvement in a scheme to con elderly investors out of as much as $55 million and use the money to buy luxury items.
February 05, 2008
The managing director of disgraced securities company AmeriFirst Funding Inc. has been found in contempt for violating an asset freeze imposed after he was accused of conning elderly investors out of roughly $35 million, by selling a painting that was included in the freeze.
July 03, 2007
The U.S. Securities and Exchange Commission has accused two men who control several Texas securities corporations as well as a used car dealership of conning elderly investors out of roughly $35 million, and maybe as much as $55 million, and of using the money to buy houses, cars and an airplane.