American Bonded Mortgage Company

  • 1966 0216 - NYT - Grand Jury Indicts Eight In Bonded Mortgage Case, American Bonded Mortgage Company - [link]  ---  1p
  • 1966 1223 - NYT - Seven Found Guilt of Securities Fraud, American Bonded Mortgage Company - [link] --- 1p
    • ⇒  The Securities and Exchange Commission charged the seven misled the investors by promising to guarantee their principal, plus a 7 to 8 per cent profit.
  • (p232) - On February 15, 1966, in the Southern District of Florida, Mark H. Kroll and seven others were indicted for fraud in the sale of securities and mail fraud.
    • Operating as the American Bonded Mortgage Company, Inc., Pan American Surety Company and Michigan Surety Company, the defendants are alleged to have falsely represented the nature and safety of mortgage participations sold by them.

1966 - Attorney General - Annual Report of the Attorney General of the United States - [PDF-517p-GooglePlay]

  • https://www.sec.gov/news/digest/1962/dig090662.pdf
    • ASPIC IMVESTMETS REORGANIZATION. The SEC has filed an appearance in the Chapter X proceedings for the reoraaaiaatiOD of Aspic Investments Corporation. Miami. Florida pending in the United States District Court in Miami.
    • The Debtor's voluntary petition for reorganization, filed on June 29, 1962, was approved by Judge Emett C. Choate on July 25, 1962, and Thomas J. Bomar was appointed tru.tee. The Debtor is a mortgage broker which provided mortgages sold to investora by American Bonded Mortgage Company ("ABM") , including mortgages on real property known as Apollo Beach, located near T~a, Florida, and owned by Flora Sun Corporation. Approxi.. tely $7,500,000 face amount ot mortgases sold by ABH are outstanding, and held by about 2,000 investors. An involuntary Chapter X petition for reorganization of ABH has been filed by creditors and is now pending. A voluntary Chapter X petition for reorganization of Flora Sun Corporation has been approved by the Court. The Debtor also owns a real estate development known as Old
      South Plantations, located near Fort Myers, Florida. Total assets of the Debtor are stated to be $l,838P~
      including land carried at a cost of $1,666,000. Liabilities total $1,339,400, including $1,300,000
      of real estate mortgages.