ROANOKE TIMES 

                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: MONDAY, June 18, 1990                   TAG: 9006180093
SECTION: NATIONAL/INTERNATIONAL                    PAGE: A2   EDITION: METRO 
SOURCE: 
DATELINE: ANCHORAGE, ALASKA                                LENGTH: Short

RULING UPHELD AGAINST LAROUCHE FUND-RAISERS

Supporters of political extremist Lyndon LaRouche do not have a "license to commit fraud" in their fund-raising activities, the Alaska Supreme Court ruled.

Friday's ruling upheld a state cease-and-desist order against Caucus Distributors, Inc., a New York state not-for-profit corporation whose employees solicited memberships, donations and "loans" for LaRouche.

The state banking, securities and corporation division found that Caucus investors had been under the impression that the loans would return them a higher interest rate than more traditional investments and that they were safe investments. Caucus officials apparently were raising money for LaRouche'e 1986 presidential bid.

- Associated Press 


 by CNB