Bruce Friedman Indicted

Sherman Oaks-based mortgage banker Bruce Friedman, was indicted on securities fraud charges today by the Securities and Exchange Commission. 7
 

What Did He Do?

He sold certificates in mortgage deeds. His two companies—Diversified Lending Group and Applied Equities, Inc. perpetrated a $216 million real estate investment fraud, raising money from hundreds of investors nationwide, promising guaranteed high returns via real estate investments.
 

Friedman's Trophy Shiksas

Friedman spent $17 million to support his lavish lifestyle, including purchases of a luxury home, cars, vacations, jewelry, and designer clothing for himself and an alleged girlfriend.

 

Who Got Fleeced?

His victims were mainly retirees. He sold the certificates that promised them a 15% return on his mortgage lending.

Jews Are Associated With The Image Of Shylock

Because most of the ponzi schemes, and bank frauds, were engineered by Jewish money managers, Jews are feeling the real sting of distaste.

The ADL Realizes The Damage

Abe Foxman realizes these swindles must be buried as fast as possible.