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AmeriFirst Execs Targeted Over $35M Fraud Scheme

Law360 (July 3, 2007, 12:00 AM EDT) -- 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.

The SEC filed suit Monday in the U.S. District Court for the Northern District of Texas, alleging Jeffrey C. Bruteyn, Dennis W. Bowden and their securities companies, AmeriFirst Funding Inc. and AmeriFirst Acceptance Corp., violated...
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Case Information

Case Title

Securities and Exchange Commission v. Amerifirst Funding Inc et al

Case Number



Texas Northern

Nature of Suit

Other Statutes: Securities/Commodities/Exchange


Sidney A Fitzwater

Date Filed

July 2, 2007

Government Agencies

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