Feds Confirm Raid Of Home Of Pennsylvania Mortgage Broker

Lancaster Online reports:

• The U.S. Postal Inspection Service confirmed Monday that it has raided the home of Wesley A. Snyder, the president of a bankrupt mortgage-brokerage business that has saddled 800 homeowners with tens of thousands of dollars of additional, unexpected mortgage debt. Oriey Glenn, the acting inspector in charge of the Philadelphia Postal Inspection Service, said items were taken during an Oct. 12 raid involving Snyder's companies Personal Financial Management Inc. and Image Masters, which operated offices in Lancaster and Berks counties. [...] No fewer than five agencies — the postal inspectors, the Pennsylvania Securities Commission, the state Department of Banking, the state attorney general's office and the U.S. Attorney's office — are investigating Snyder's businesses.

For more, see Mortgage broker raided (Postal inspectors seize items from home of Wesley Snyder).

For story update, see Judge Tells Homeowners, New Mortgage Holders To Work Together (WGAL-TV Channel 8, 10-24-07).

Go here and go here for other posts and links to earlier media reports on the Pennsylvania Ponzi scheme involving Wesley Snyder, OPFM, Image Masters.