The Region - News from Oct. 17, 1986

Three former Orange County residents who operated a precious metals company that collected about $8.5 million from 2,000 U.S. and Canadian investors, have been arrested by FBI agents in Miami. The family owned company, First Trading Group Ltd., sold contracts for the future delivery of gold and silver. It had offices in El Toro, San Diego, Los Angeles and Oakland, before moving to Vancouver, Canada in January, 1984. First Trading’s principals, Todd E. Fisch, 25, his mother, Joan D. Fisch, 55, and his father, Joel H. Fisch, 56, were arrested in North Miami on warrants stemming from an Oct. 2 Los Angeles federal grand jury indictment. The Fischs and three other former First Trading employees who remain at large each face 46 federal mail and wire fraud charges.