Specter, Others To Intervene In $29.2M Pennsylvania Ponzi Scheme

Lancaster Online reports:

• Michelle Weaver's relentless phone calls, e-mails, faxes and pestering of government officials have finally paid off. Weaver, the de facto leader of a group of more than 800 homeowners stung by Wesley A. Snyder's $29.2 million mortgage fraud, has convinced U.S. Sen. Arlen Specter to hold a hearing on the subject at 3 p.m. Monday at Penn State's Harrisburg campus. [...] Specter's office said Friday the hearing will examine the mortgage crisis that soaked homeowners, including 300 from Lancaster County, for more than $26 million and ripped off 31 investors for $3 million. The event will take place in Room 210 of the school's student center on West Harrisburg Pike in Middletown. Representatives from loan services Snyder used, as well as Fannie Mae and Freddie Mac, are scheduled to testify regarding what they can do to help distressed homeowners.

For more, see Hearing set on loan mess (Senators to probe Snyder case).

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