SEC Accuses Calif. Attorney Of Role In $11M Fraud

Law360, New York (March 1, 2011, 6:58 PM EST) -- The U.S. Securities and Exchange Commission on Thursday accused an Irvine, Calif., attorney of aiding an alleged scheme that took more than $11 million from investors for nonexistent investment programs.

Bruce H. Haglund, 59, took nearly $500,000 in fees to give a legitimate face to a Ponzi scheme that began in October 2009, the SEC said in a civil complaint filed in the U.S. District Court for the Central District of California.

The complaint also names Haglund's alleged co-conspirators, including alleged ringleader Francis E. Wilde, as...
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