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Archive Home > 2005 > December > 28 > Investment firm owners plead not guilty in fraud

Investment firm owners plead not guilty in fraud

Owners of Bend's PAC Equities ask court to appoint public defenders

By Chuck Chiang / The Bulletin
December 28, 2005

EUGENE - The owners of Bend-based real estate investment firm PAC Equities pleaded not guilty Tuesday in federal court to allegedly selling $17 million worth of unregistered securities to as many as 240 investors.

During their arraignment, Michael and Phyllis Rich, both of Bend, also told U.S.....

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