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Rocky Mountain NewsSeptember 1983
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. [snip] Hubbard staff member John Busby purt $450,000 of L. Ron Hubbard’s money – drawn from Hubbard’s 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. [snip] |