Glen Eugene Miller, LD&B Management, Inc., Rich Barlow, Acquire Venture Fund Group, et al.
On May 28, 1999, the SEC obtained a temporary restraining order and asset freeze against Glen Eugene Miller and LD&B Management, Inc. in connection with a Ponzi scheme. The SEC alleged that Miller and LD&B sold over $8.6 million in promissory notes to nearly 200 investors, with stated returns of up to 77%. Miller allegedly told investors the funds would be reinvested in largely unspecified income-producing investments. Instead, Miller used most of the funds to pay money owed to earlier investors and for his personal use. The SEC also alleged that Barlow and his company, Acquire Venture Fund Group, fraudulently told investors that funds invested in the promissory notes would be reinvested into a "prime bank" investment program. For more information about the SEC's action, you can read Litigation Release No. 16168 (May 28, 1999).
On January 28, 2000, the Court appointed Jeffrey R. Oritt as Receiver over LD&B Management. Mr. Oritt has made several distributions totaling nearly $2.2 million or a return of 33.45% of investors' original investments.
If you have a question, you can contact the Receiver at:
Jeff Oritt, Esq.