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. On June 14, 2001, Mr. Oritt made a distribution of approximately $700,000 to investors. The Receiver is pursuing other assets, which have been difficult to liquidate, but hopes to make another distribution, although when that might occur is unclear.

If you have a question, you can contact the Receiver at:

Jeff Oritt, Esq.
Cohne, Rappaport & Segal
525 East 100 South, Fifth Floor
Salt Lake City, Utah 84102
Phone: (801) 532-2666
Email: jeffo@crslaw.com

http://www.sec.gov/divisions/enforce/claims/gleneugenemiller.htm