The SEC filed charges against Marvin Warner.

Nine other people were charged along with Warner, a former ambassador to Switzerland, with violating anti-fraud provisions of federal securities laws. The suit, filed in U.S. District Court in Fort Lauderdale, Fla., stems from the collapse in March, 1985, of ESM Government Securities, a Florida-based securities company. Also named as defendants in the suit by the Securities and Exchange Commission were Ronnie R. Ewton, George G. Mead, Nicholas B. Wallace, Charles B. Streicher, Thomas F. Saunders, Timothy R. Murphy, Burton M. Bongard, David J. Schiebel and Robert J. Weeder.