red-light

Thursday, July 18, 2013 – 02:40 p.m

Law enforcement officers, likely federal agents, appear to have executed a search warrant Midday Thursday at the home of Christopher Burnell.

Officers were still present at the Santa Ana Canyon Road location as of 2:30 p.m. this afternoon.

Burnell is the focus of an investigation into alleged fraud and misappropriation of investor monies.

It’s believed that Redlands-based Investment Advisor John Thornes, the principal of Thornes & Associates, is also involved. A regualtory complaint filed againt Thrnes by the Financial Industry Regulatory Authority (FINRA), in May 2013, links Thornes to Burnell.

The FINRA complaint alleges Thornes misued some $4.2 million in client funds in making questionable loans to Burnell, which he in-turn used for luxury purchases and gambling at San Manuel Indian Bingo and Casino.

It’s unknown, at this time, if other locations were searched.

Developing…..