LOS ANGELES — A federal judge has ordered Anaheim Hills attorney Thomas F. Goodman, former San Diego Padre pitcher John F. D'Acquisto and two D'Acquisto-controlled investment companies to pay $121,640 in fines and interest to close out a 1995 securities fraud case.
Goodman, who was D'Acquisto's attorney, said he has appealed the judgment, which was announced Thursday by the Securities and Exchange Commission. The fraud charge "is not correct," he said. "I was merely the attorney, not a participant."
Goodman, D'Acquisto and D'Acquisto Financial Group Inc. and Doubleday Trust, both defunct San Diego firms, were accused by the Securities and Exchange Commission of selling $7 million worth of fraudulent investments in 1994 and 1995.
The two men said in a 1995 court appearance that they had used investors' funds to acquire several racehorses, vacant land in Mexico and an interest in a Mexican minor league baseball team. The SEC charged that they had promised investors returns of 2% to 7% per week and that when the profits were not forthcoming they told investors their principal could not be returned.