Attorney Meets With Victims Of Eastern Pennsylvania Alleged Mortgage Investment "Ponzi Scheme"
Lancaster Online reports on an informational meeting held by attorney Joseph O'Keefe with about 430 property owners who face significantly higher mortgage bills due their involvement with local real estate operator Wesley Snyder and his companies, OPFM Inc. and Image Masters, among others. O'Keefe filed a class action lawsuit in September to void mortgages held by 25 lenders. In all, they hold about 800 disputed notes brokered by Wesley A. Snyder's OPFM Inc. and Snyder's other businesses.
Among other things, despite a temporary mortgage payment arrangement ordered by the Federal judge presiding over the case, O'Keefe states that some lenders have ignored that agreement, telling customers they must make the full loan payment. O'Keefe said his team has received a litany of complaints lodged by customers of one lending company and urged those customers to testify in federal court against the lenders.
Some at the meeting were upset at how easily the case was moved out of the area (a Berks County, Pennsylvania state court) where OPFM president Wesley A. Snyder operated his businesses. The case is now in a Philadelphia Federal Court. For more, see Creditors play tough on OPFM mortgages (Lawyer says judge sees case’s urgency).
Go here to view WFMZ-TV Channel 69 News coverage and comments from attorney Joseph O'Keefe and some of the victims of the alleged Ponzi scheme, or here to read the Channel 69 online report.
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.
Among other things, despite a temporary mortgage payment arrangement ordered by the Federal judge presiding over the case, O'Keefe states that some lenders have ignored that agreement, telling customers they must make the full loan payment. O'Keefe said his team has received a litany of complaints lodged by customers of one lending company and urged those customers to testify in federal court against the lenders.
Some at the meeting were upset at how easily the case was moved out of the area (a Berks County, Pennsylvania state court) where OPFM president Wesley A. Snyder operated his businesses. The case is now in a Philadelphia Federal Court. For more, see Creditors play tough on OPFM mortgages (Lawyer says judge sees case’s urgency).
Go here to view WFMZ-TV Channel 69 News coverage and comments from attorney Joseph O'Keefe and some of the victims of the alleged Ponzi scheme, or here to read the Channel 69 online report.
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.
posted by Home Equity Theft Reporter at 8:37 AM
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