AmeriFirst Exec Settles With SEC Over Fraud Scheme

Law360, New York (March 31, 2009, 12:00 AM EDT) -- 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.

On Monday in the U.S. District Court for the Northern District of Texas, Judge Sidney A. Fitzwater approved the SEC's unopposed motion to enter judgment against remaining defendant Dennis W. Bowden, permanently enjoining him from violating federal securities laws and...
To view the full article, register now.




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

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.