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March 18, 1992 | GEORGE WHITE, TIMES STAFF WRITER
The Securities and Exchange Commission on Tuesday filed and settled a federal suit against a Los Angeles-based investment company accused of fraudulently creating mutual funds that were used as collateral in loan applications. The SEC said it filed the complaint in U.S. District Court in Los Angeles against Public Funding Group Inc. and its owner, V. Thayne Whipple II, and two mutual funds managed by them--American Vision Funds Inc. and Public Funding Portfolios Inc.
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BUSINESS
March 18, 1992 | GEORGE WHITE, TIMES STAFF WRITER
The Securities and Exchange Commission on Tuesday filed and settled a federal suit against a Los Angeles-based investment company accused of fraudulently creating mutual funds that were used as collateral in loan applications. The SEC said it filed the complaint in U.S. District Court in Los Angeles against Public Funding Group Inc. and its owner, V. Thayne Whipple II, and two mutual funds managed by them--American Vision Funds Inc. and Public Funding Portfolios Inc.
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