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Posts Tagged ‘Hard Money Lenders’

Another county man faces investment charges

Written on 7 Jan, 2009 in Uncovered SLO | 3 Comments

By DANIEL BLACKBURN A Los Osos man is in county jail tonight following his arrest on eight felony charges related to a Nevada-based investment company he owns. Leonard Adolph Delk, 80, becomes the latest in a string of Central Coast money managers... (Continue reading)

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DUMPSTER CHRONICLES: Web of deceit

Written on 22 Dec, 2008 in Uncovered SLO | 8 Comments
DUMPSTER CHRONICLES: Web of deceit

(EDITORS‘ NOTE: For months, a concerned investor sifted through Hurst Financial Inc.’s trash, tirelessly collecting eight bags of “Post-it” notes, hand-written letters, and typed documents from the imploding lending company. The investor then shared that trash with us. Part I... (Continue reading)

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State agency lifts Hurst Financial’s permit

Written on 21 Jul, 2008 in Uncovered SLO | 8 Comments

By THE EDITORS A variety of accusations were filed today by the state Department of Corporations against Atascadero lender Hurst Financial and its owner, James Miller, and the agency has revoked Hurst’s permit to sell securities. Miller is one of several San... (Continue reading)

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Fraud lawsuit filed against Gearhart, Hurst

Written on 6 May, 2008 in Uncovered SLO | 40 Comments

By KAREN VELIE and DANIEL BLACKBURN Local investors are alleging they were bilked out of millions by Hurst Financial and developer Kelly Gearhart. David Rios and Murray Powell filed an 11-count lawsuit Tuesday in San Luis Obispo County Superior Court. Allegations include... (Continue reading)

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INSIDE EFI: An Investors Nightmare

Written on 1 May, 2008 in Uncovered SLO | 8 Comments

Part 1: Divorce sparks nasty public war By DANIEL BLACKBURN (Editors’ note: This is the first in a series examining the high-rolling, high-interest, high-risk, hard money business, and a close-up look at the primary players in one multi-million-dollar Paso Robles firm that... (Continue reading)

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