Sec Form 13D Filing - LERNER GARY filing for Freedom Holding Corp. (FRHC) - 2003-12-19

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13D
                    Under the Securities Exchange Act of 1934
                                (Amendment No. )*

           BMB Munai, Inc. (formerly InterUnion Financial Corporation)
           -----------------------------------------------------------
                                (Name of Issuer)

                          Common Stock, $0.01 par value
                          -----------------------------
                         (Title of Class of Securities)

                                   096 56A 105
- --------------------------------------------------------------------------------
                                 (CUSIP Number)

                                 c/o Gary Lerner
                                4121 18th Avenue
                               Brooklyn, NY 11218
                                 (801) 524-8939

                                 Enrico Moretti, JD
                                Boyle & Co. LLP
                           Suite 603, 347 Bay Street
                          Toronto, Ont. M5H 2R7 CANADA
                              416-867-8800 ext 203
- --------------------------------------------------------------------------------
            (Name, Address and Telephone Number of Person Authorized
                     to Receive Notices and Communications)

                                  November 26, 2003
- - ------------------------------------------------------------------------------
             (Date of Event which Requires Filing of this Statement)

If the filing person has previously  filed a statement on Schedule 13G to report
the  acquisition  that is the subject of this  Schedule  13D, and is filing this
schedule because of ss.ss.240.13d-1(e),  240.13d-1(f) or 240.13d-1(g), check the
following box. [ ]

Note:  Schedules  filed in paper format shall include a signed original and five
copies of the  schedule,  including  all exhibits.  See  ss.240.13d-7  for other
parties to whom copies are to be sent.

*The  remainder of this cover page shall be filled out for a reporting  person's
initial filing on this form with respect to the subject class of securities, and
for  any  subsequent   amendment   containing   information  which  would  alter
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the  Securities  Exchange  Act of
1934 ("Act") or otherwise  subject to the liabilities of that section of the Act
but  shall be  subject  to all other  provisions  of the Act  (however,  see the
Notes).

                                       1



CUSIP No. 096 56A 105
          -----------
- --------------------------------------------------------------------------------
1            Names of Reporting  Persons.  I.R.S.  Identification  Nos. of above
             persons (entities only).

             Gary Lerner
             -------------------------------------------------------------------
2            Check the Appropriate Box if a Member of a Group (See Instructions)

                    (a)      [ ]

                    (b)      [ ]
- --------------------------------------------------------------------------------
3            SEC Use Only


- --------------------------------------------------------------------------------
4            Source of Funds (See Instructions)

             SC
- --------------------------------------------------------------------------------
5            Check if Disclosure of Legal  Proceedings  is Required  Pursuant to
             Items 2(d) or 2(e) [ ]

- --------------------------------------------------------------------------------
6            Citizenship or Place of Organization

             U.S.A.
- --------------------------------------------------------------------------------
                     7         Sole Voting Power

                              0
   Number of         -------- -------------------------------------------------
     Shares          8        Shared Voting Power
  Beneficially
    Owned by                  0
     Each           -------- -------------------------------------------------
   Reporting         9        Sole Dispositive Power
    Person
     With                     0
                     -------- -------------------------------------------------
                     10       Shared Dispositive Power

                              0
- --------------------------------------------------------------------------------
11
             Aggregate Amount Beneficially Owned by Each Reporting Person

             0
- --------------------------------------------------------------------------------
12           Check if the Aggregate  Amount in Row (11) Excludes  Certain Shares
             (See Instructions) [ ]

- --------------------------------------------------------------------------------
13           Percent of Class Represented by Amount in Row (11)

             0
- -------------------------------------------------------------------------------
14           Type of Reporting Person (See Instructions)

             IN
- --------------------------------------------------------------------------------


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CUSIP No. 096 56A 105
          -----------

                                    SIGNATURE

         After reasonable  inquiry and to the best of my knowledge and belief, I
certify that the information  set forth in this statement is true,  complete and
correct.




December 18, 2003                           /s/ Gary Lerner
- --------------------------------           -------------------------------------
Date                                       Gary Lerner





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