After burning through those bucks, Kaup ran another scam through ALF that targeted homeowners into paying to refinance their homes at below-market rates.
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If you were solicited by Kaup to invest in Lunden Investments, you were likely told that your funds would be used for commercial lending.
On April 9, 2012, Kaup pled guilty to two counts of wire fraud and was scheduled to be sentenced in federal court in Los Angeles on December 17, 2012.
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