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: Bodily Injury Blog

Lawsuit Claims Lender Defrauded Investors

By Edward Bills

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Hundreds of Hurst Financial investors have filed a lawsuit against the lender, a Houston-based title company and others over what they allege was a multimillion-dollar Ponzi scheme. In the lawsuit, plaintiffs allege that Hurst and Stewart Title defrauded investors by creating fake escrow accounts used to pay off previous investors. The lawsuit claims that investors suffered more than $60 million in total losses from the scheme.

Full post as published by Bodily Injury Blog on June 17, 2009 (boomark / email).

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