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Liberty National Corp

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BUSINESS
December 8, 1989 | GREGORY CROUCH, TIMES STAFF WRITER
State regulators raided two companies here this week, seizing their records in connection with allegations that the companies cheated hundreds of investors nationwide out of $15 million by selling stakes in defunct or nonexistent oil and gas wells. Officials said executives of National Capital Securities Corp. and Liberty National Corp. are suspected of running a Ponzi scheme, by which earlier investors are paid with money collected from later investors.
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BUSINESS
December 8, 1989 | GREGORY CROUCH, TIMES STAFF WRITER
State regulators raided two companies here this week, seizing their records in connection with allegations that the companies cheated hundreds of investors nationwide out of $15 million by selling stakes in defunct or nonexistent oil and gas wells. Officials said executives of National Capital Securities Corp. and Liberty National Corp. are suspected of running a Ponzi scheme, by which earlier investors are paid with money collected from later investors.
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BUSINESS
December 8, 1989 | GREGORY CROUCH, TIMES STAFF WRITER
State regulators raided two Orange County companies this week, seizing records that allegedly show they cheated hundreds of investors nationwide out of $15 million by selling stakes in defunct or non-existent oil and gas wells. Executives at National Capital Securities Corp. and Liberty National Corp. were allegedly running a so-called Ponzi scheme, which pays original investors with money collected from new customers.
BUSINESS
December 8, 1989 | GREGORY CROUCH, TIMES STAFF WRITER
State regulators raided two Orange County companies this week, seizing records that allegedly show they cheated hundreds of investors nationwide out of $15 million by selling stakes in defunct or non-existent oil and gas wells. Executives at National Capital Securities Corp. and Liberty National Corp. were allegedly running a so-called Ponzi scheme, which pays original investors with money collected from new customers.
BUSINESS
February 7, 1994 | CHRIS KRAUL, TIMES STAFF WRITER
This is likely to be another wild year for the nation's banking industry, with the drive to consolidate so powerful that few financial institutions, no matter how large, are safe from merger or takeover, industry experts say. The questions asked among industry leaders now: Who is on the prowl for what,and how fast is the current merger pace going to accelerate?
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