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Richard Earl Donovan

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January 9, 1988 | TERRY PRISTIN, Times Staff Writer
An investment counselor who allegedly lured thousands of investors into parting with at least $30 million was arrested Friday at his West Covina home on 37 counts of grand theft and securities law violations. Richard Earl Donovan, 46, former operator of Financial Dynamics of Covina and other investment firms, recruited clients at public seminars for projects ranging from wind machine farms near Palm Springs to apartment houses in Fresno, the district attorney's office said.
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BUSINESS
January 9, 1988 | TERRY PRISTIN, Times Staff Writer
An investment counselor who allegedly lured thousands of investors into parting with at least $30 million was arrested Friday at his West Covina home on 37 counts of grand theft and securities law violations. Richard Earl Donovan, 46, former operator of Financial Dynamics of Covina and other investment firms, recruited clients at public seminars for projects ranging from wind machine farms near Palm Springs to apartment houses in Fresno, the district attorney's office said.
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