State sues Northern Colorado businessman for securities fraud

DENVER — The Colorado Securities Commission has sued Brian Pebley of Johnstown and Lawrence Lundsford of Texas, alleging securities fraud in the sale of $2.1 million worth of unregistered securities by unlicensed brokers in connection with establishing a professional golf tour.

The state is seeking compensation from Lundsford and Pebley, and their Northern Colorado-based companies on behalf of 43 investors.

Defendants include the Fort Collins-based National Professional Golf Tour LLC, whose last known address was 2614 S. Timberline Road, which is controlled by Lundsford; and C.H.A.M.P. Financial Group, whose last address was 1159 Main St. in…