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June 30, 1993 | JAMES S. GRANELLI, TIMES STAFF WRITER
The federal government has filed a securities fraud lawsuit against a Newport Beach businessman and won an immediate court order freezing his assets and those of his two companies. The Securities and Exchange Commission charges in its civil action that Henry J. Kyle sold more than $3 million in securities that were unregistered and promoted as safe investments to mostly elderly citizens throughout the country and that he diverted some of the money to companies run by associates.
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BUSINESS
June 30, 1993 | JAMES S. GRANELLI, TIMES STAFF WRITER
The federal government has filed a securities fraud lawsuit against a Newport Beach businessman and won an immediate court order freezing his assets and those of his two companies. The Securities and Exchange Commission charges in its civil action that Henry J. Kyle sold more than $3 million in securities that were unregistered and promoted as safe investments to mostly elderly citizens throughout the country and that he diverted some of the money to companies run by associates.
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