Sunday, June 12, 2011

Links to SacBee on NevCo "hard money", "culture of fraud"

June 5, Nevada County DA took 'hard money' loan favors
("Nevada County's hard money losses were particularly severe due to a deeply rooted culture of fraud, according to investors, convicted brokers and public records.")

June 6, 'Hard money' lending has sordid past in Nevada County
("Since 1991, four Nevada County brokers have gone to prison, four others have lost their licenses, and four borrowers have been either charged with or convicted of bilking investors. ... Hard money brokers operate under a weak, loosely monitored set of regulations riddled with loopholes and jurisdictional confusion and conflicts. ")

June 7, Editorial: Nevada County district attorney needs to resign

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