Rocky Mountain News
Scheme loses $1.5 million for investors
by Sue Lindsay
Thirty-seven investors, including some who mortgaged their homes to get money, have lost $1.5 million in a Denver scheme that promised a whopping 60 percent in annual interest.
Among the big losers was L. Ron Hubbard, founder of the Church of Scientology, who lost almost half a million dollars.
Hubbard staff member
John Busby put $450,000 of L. Ron Hubbards money drawn from
Hubbards account in the Bank of Luxembourg into BRW after
Busby saw an ad Martin placed in the Los Angeles Times. He first invested
$50,000 last June, then $100,000 in July and $300,000 in September.
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