{"id":1014,"date":"2012-02-03T15:53:21","date_gmt":"2012-02-03T15:53:21","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2012\/02\/amerifirst_funding_corp_owner"},"modified":"2022-03-09T16:14:11","modified_gmt":"2022-03-09T22:14:11","slug":"amerifirst-funding-corp-owner","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/amerifirst-funding-corp-owner\/","title":{"rendered":"AmeriFirst Funding Corp. Owner Convicted of Texas Securities Fraud"},"content":{"rendered":"

\t\t\t\tThe former COO of AmeriFirst Acceptance Corp. and AmeriFirst Funding Corp. was recently convicted of multiple counts of Texas securities fraud <\/a>and mail fraud for his involvement in bilking over 500 investors of over $50 million. A lot of the victims of Dennis Woods Bowden were retirees. <\/p>\n

Per evidence that was given at trial, the 58-year-old executive and Jeffrey Charles Bruteyn, who was AmeriFirst’s managing director, made available Secured Debt Obligations (SDOs) as promissory note offerings to raise millions of dollars from investors in Florida and Texas. A lot of these clients, who were no longer employed, had hoped to place their money in investments that were safe. <\/p>\n

While Bruteyn, who was convicted of nine counts of Texas securities fraud, directed brokers to sell the securities, it was Bowden who deceived and misled and defrauded them by signing the documents that were given to investors and misrepresenting\/not disclosing material facts about the securities and the risks involved. For example, he falsely represented to investors that:<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

The former COO of AmeriFirst Acceptance Corp. and AmeriFirst Funding Corp. was recently convicted of multiple counts of Texas securities fraud and mail fraud for his involvement in bilking over 500 investors of over $50 million. A lot of the victims of Dennis Woods Bowden were retirees. Per evidence that was given at trial, the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3803,3750],"tags":[],"class_list":["post-1014","post","type-post","status-publish","format-standard","hentry","category-senior-investors","category-texas-securities-fraud"],"yoast_head":"\nAmeriFirst Funding Corp. 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