Victims' Attorneys Seeking To Void 800+ Mortgages In Pensylvania Ponzi Scheme; Request Class Action Transfer

Lancaster Online reports:

• Attorneys who filed a class-action lawsuit on behalf of customers defrauded by Wesley A. Snyder's defunct mortgage businesses [were due] in court again [last] Thursday. This time, the lawyers [...] seek to move their case from federal court in Philadelphia to U.S. Bankruptcy Court in Reading. An attorney representing Snyder's customers said Tuesday that a motion will be considered to join the customers' suit with the bankruptcy cases filed by Snyder's companies, including OPFM Inc. Personal Financial Management Inc. and Image Masters Inc.

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• Attorneys representing Snyder's customers are seeking to void about 811 mortgages Snyder brokered in his customers' names with about two dozen banks. [...] Snyder's businesses soaked homeowners, including 300 from Lancaster County, for more than $26 million and ripped off 31 investors for $3 million.

For more, see Attorneys want class-action suit in mortgage case moved.

According to WFMZ-TV Channel 69, the request to transfer the case was denied. Watch the Channel 69 video for more.

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.