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John C Ellsworth

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BUSINESS
May 9, 1988 | AL DELUGACH, Times Staff Writer
Call him a schemer, a dreamer, a big talker. Call him a shady operator, a global operator, a lawbreaker. All of these have been used to describe John Clifford Ellsworth. By repute, the 42-year-old convicted felon also is a spinner of tall tales who has a yen for attaching himself to celebrated events.
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BUSINESS
May 9, 1988 | AL DELUGACH, Times Staff Writer
Call him a schemer, a dreamer, a big talker. Call him a shady operator, a global operator, a lawbreaker. All of these have been used to describe John Clifford Ellsworth. By repute, the 42-year-old convicted felon also is a spinner of tall tales who has a yen for attaching himself to celebrated events.
BUSINESS
December 1, 1987 | AL DELUGACH, Times Staff Writer
An Arizona man gave large sums of money and a 75% interest in an Alaskan business to the principals of Commercial Acceptance Corp. in return for not having to make payments on millions of dollars he borrowed, a judge was told Monday. The written statement given to Los Angeles County Superior Court was signed by Dennis E. Wagner, one of 20 individuals associated with the Los Angeles firm who were accused Nov. 17 of misusing some $60 million in pension plans covering thousands of workers.
BUSINESS
December 30, 1987 | AL DELUGACH, Times Staff Writer
Commercial Acceptance Corp. agreed Tuesday to be placed under control of a bankruptcy trustee, and separately a state official said the company is under criminal investigation for its handling of about $60 million of investments by area pension funds. Melinda L. Brun, senior trial counsel for the California Department of Corporations, said that the U.S. Attorney's office agreed to take the case for possible criminal prosecution.
BUSINESS
November 19, 1987 | AL DELUGACH, Times Staff Writer
Los Angeles County Superior Court Judge Jerry K. Fields granted a temporary restraining order Wednesday to halt operations of Commercial Acceptance Corp. But he declined to put the so-called personal property broker under receivership without a full hearing. The order restrains the company, its officers and a business associate, John C. Ellsworth, from violating state securities laws by selling unregistered securities.
BUSINESS
December 2, 1987 | AL DELUGACH, Times Staff Writer
Citing evidence of fraud, a Los Angeles Superior Court judge appointed a receiver Tuesday to take over all assets of Commercial Acceptance Corp., its top officers and a key associate. The corporate assets are to be handled for the protection of some 400 retirement plans that invested an estimated $60 million in supposedly insured securities of the Los Angeles entity. The company, in turn, lent the money to other businesses.
BUSINESS
July 9, 1988 | AMY STEVENS, Times Staff Writer
A promoter of allegedly bogus businesses from eucalyptus plantations to European hamburger joints was sentenced Friday to 4 1/2 years in federal prison for defrauding a Los Angeles bank. John C.
BUSINESS
January 14, 1988 | AL DELUGACH, Times Staff Writer
A federal magistrate in Los Angeles ordered businessman John C. Ellsworth held without bail Wednesday on a bank fraud indictment, citing the risk that he might flee if released. Ellsworth is a target of a separate criminal investigation into the alleged misuse of $60 million in pension fund investments in Commercial Acceptance Corp.
BUSINESS
December 28, 1987
In more than 20 years with Scotland Yard, John W. D. Elsworth achieved a very definite identity as an inspector and boxing champion. Now a registered securities dealer in Los Angeles, the transplanted Briton recently was dismayed at an identity problem that fate had brought him. A John C. Ellsworth (double l ) turned up in the news as a defendant in a securities fraud case filed by the state. Concerned clients of the single- l Elsworth started calling him to ask, "What's going on?"
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