Dec 17
2003

On December 17, 2003, Harold Wayne Griffin of Clifton, Texas, was indicted by a U.S. District Court Grand Jury for the Northern District of Texas, Dallas Division, for one count of securities fraud, seven counts of mail fraud, and one count of wire fraud. Mr. Griffin is charged with unlawfully selling non-existent CUNA variable annuities to investors, falsely representing that the victims' funds were purchasing investment products, falsely representing investment account values on statements he created and mailed to investors, and with failing to disclose that the investment products did not exist, that the statements were false, and that the investors' monies were converted to personal use.