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Denton Man Pleads Guilty to Securities Fraud

By McNabb Associates

Vincent J. Bazemore pleaded guilty October 19 to securities fraud in relation to a Securities and Exchange Commission civil action against Dallas-based Amerifirst Funding Inc. and its sister companies.[1]Bazemore sold investments under the Capital First Financial brand from his offices in Florida.[2] Capital First was affiliated with Amerifirst, which the SEC said in its suit had raised $55 million from mostly elderly investors in Texas and Florida.[3]The companies sold secured debt obligation investments that were advertised as being risk-free with high returns. The SEC suit asserted otherwise saying that Amerifirst principals Jeffrey Bruteyn and Dennis Bowden used the money to finance lavish lifestyles.[4] Amerifirst's court-appointed receiver is trying to refund money to investors...continue to full post

Full post as published by Federal Crimes Blog on October 21, 2007 (boomark / email).