Vincent John Bazemore, Jr., of Denton, Texas, pled guilty on October 19, 2007, in the U.S. District Court, Northern District of Texas, Dallas Division, Cause No. 3-07CR-312-M to securities fraud stemming from his role in fraudulent securities offerings based out of Dallas and Florida that raised approximately $55 million from investors. Bazemore was a sales representative of Capital 1st Financial, an affiliate of AmeriFirst Funding Corporation, and solicited individuals to invest in fraudulent securities offered by AmeriFirst and its affiliated companies. He continued to solicit investors for securities offered by AmeriFirst and its affiliated companies through Secured Capital Investments, based in Fort Myers, Florida. Bazemore is scheduled to be sentenced at a later date.