The October 2001 issue of Quaker Life is now online. Friends Insurance Trust is established. Philip Harmon and two representatives from Friends United Meeting and Evangelical Friends International are named as trustees. Amendment signed by representatives from Mid-America Yearly Meeting, George Fox College and Northwest Yearly Meeting, apparently without notice to other participating groups.
Securities are bonds, stocks, or mutual funds.
Except under narrowly defined circumstances, securities must be registered with the state and federal securities commissions before being sold. Only Harmon and a notary public sign the document. Feb. 28, 1997-NFT ceases operations. Harmon taken into federal custody on charges of mail fraud, wire fraud, embezzlement. April 1, 1997-Harmon is released on bail.