35 Of 37 Plaintiffs Bail Out Of Pennsylvania Ponzi Scheme Class Action

In eastern Pennsylvania, Lancaster Online reports:

• Thirty-five homeowners stung in a mortgage scheme operated by bankrupt mortgage broker Wesley A. Snyder have voluntarily withdrawn their claims in a class-action lawsuit filed against a group of banks with which Snyder did business. But attorneys who are seeking to have a federal judge revoke the more than 800 mortgages — which ballooned collectively by about $40 million when Snyder's business collapsed in September — say they are still seeking to establish a class-action suit against the 27 banks that hold the mortgages. [...] A Lancaster attorney said [last week] it's likely Snyder's customers will file hundreds of other lawsuits against the banks.

For more, see Mortgage suit loses 35 of 37 parties (But class-action push not dead, lawyers say).

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