SEC Obtains Emergency Asset Freeze to Halt Mult-Million Dollar Real Estate Investment Fraud

3/5/2009

The Securities and Exchange Commission has charged Bruce Friedman, Diversified Lending Group, and Applied Equities with securities fraud, and obtained an emergency court order to freeze their assets and halt an alleged ongoing investment scheme involving purported real estate and mortgage lending ventures.  See the full press release here.

The SEC acknowledges the assistance of the Arkansas Securities Department, the California Department of Corporations, the Michigan Office of Financial and Insurance Regulation, and the Financial Industry Regulatory Authority.

 

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