Montco man settles RICO claims with investment firm over $200K home equity loan pennrecord.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pennrecord.com Daily Mail and Mail on Sunday newspapers.
Heinold | Raymond Coleman Heinold
PHILADELPHIA – A Philadelphia investment firm and others accused of defrauding a Montgomery County man in a home equity loan transaction totaling more than $200,000, have had a default judgment entered against them.
Paul Ledebur of Glenside and PE&L Investments of Conshohocken first filed suit in the U.S. District Court for the Eastern District of Pennsylvania on Feb. 16 versus Arthur S. McHenry III of Glen Mills, plus MAC Business Services, Ltd. and Be The Bank Investments, both of Philadelphia.
“Paul Ledebur met a defendant BTB sales representative, Lauren Richards, at a networking event in Philadelphia in February of 2016. Richards told Ledebur that defendant BTB dealt in non-traditional loans, typically made to small developers that were flipping houses in South Philadelphia. Ledebur was interested in becoming a lender on such projects. After exchanging emails with Richards, Richards told Ledebur about defendant McH
Glenside man claims he was defrauded in $200K home equity loan deal and alleges RICO violation pennrecord.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pennrecord.com Daily Mail and Mail on Sunday newspapers.