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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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