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September 27, 1996 | TOM PETRUNO, TIMES STAFF WRITER
The Securities and Exchange Commission's Los Angeles office filed fraud charges Thursday against two separate investment entities, alleging misappropriation of at least $1.6 million in investors' funds. In one complaint, the SEC alleged that Pacific Palisades-based investment advisor Benjamin Franklin Bush III and his firm Ben Bush Investment Management have defrauded clients by misappropriating at least $450,000 in client funds since January 1995.
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BUSINESS
September 27, 1996 | TOM PETRUNO, TIMES STAFF WRITER
The Securities and Exchange Commission's Los Angeles office filed fraud charges Thursday against two separate investment entities, alleging misappropriation of at least $1.6 million in investors' funds. In one complaint, the SEC alleged that Pacific Palisades-based investment advisor Benjamin Franklin Bush III and his firm Ben Bush Investment Management have defrauded clients by misappropriating at least $450,000 in client funds since January 1995.
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NEWS
April 8, 1998
An investment manager pleaded guilty Tuesday to taking $1.3 million of his clients' funds for his personal and business use, prosecutors said. Benjamin Franklin Bush III, owner of Ben Bush Investment Management, pleaded guilty to one count of money laundering. He faces up to 20 years in federal prison and a fine of $250,000 when he is sentenced June 29.
BUSINESS
September 26, 1995 | Jack Searles
Access HealthNet Inc., a Westlake Village provider of communications systems for the health care industry, has completed a $1.9-million private placement of its common stock and has also acquired marketing rights to a British company's networking products. Access said its stock was purchased by an investment concern, Ben Bush Investment Management Inc. Steven E.
CALIFORNIA | LOCAL
September 29, 1998
A Pacific Palisades investment banker was sentenced Monday to 51 months in federal prison for bilking clients out of $1.3 million. Benjamin Bush, former owner of Ben Bush Investment Management Inc., also was ordered to make nearly $1.2 million in restitution to eight victims who suffered most of the losses. Bush, 53, pleaded guilty in May to one money laundering count and admitted that he laundered the funds he bilked from his clients.
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