Three were indicted in the Bevill, Bresler case.

Three top officers of a collapsed brokerage house were indicted in connection with one of the nation’s largest security frauds that allegedly cost investors at least $144 million. A federal grand jury charged the former executives of Bevill, Bresler & Schulman Inc. with conspiracy, mail and wire fraud and making false financial statements to the Securities and Exchange Commission. The 26-count indictment said the three officers tried to cover up big losses in bond speculation and made millions for themselves by defrauding investors, chiefly by selling non-existent securities or the same certificates numerous times.