Financing from non-budget sources (including private investor funds) is distributed as follows:
He has recovered $120,000 in investor funds improperly transferred to two individuals, and received nearly $261,000 in business income from ongoing operations through Feb. 28, 2009.
During the period of the scheme, Flannery funneled at least $7.22 million of investor funds through his attorney trust account.
Among longer-term notes and bonds, securities dealers said there was no inflow of investor funds to compare with the shorter maturities.
One of the hardest types of film financing pieces to obtain is private investor funds.
Herula himself raised about $16.5 million of investor funds, most of which was later transferred to his wife's brokerage account at Raymond James.
Many, but not all, of these stocks are in companies with no operations that promise to use investor funds to make unspecified acquisitions.
Additional investor funds were also raised through a senior convertible debenture.
He said that the money was sent yesterday, including $17.5 million to the Securities and Exchange Commission and $16.7 million to an investor fund.
This, even though higher bond yields are certain to draw some investor funds out of the stock market.