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Posts Tagged ‘Hurst Financial Corp’

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Jay Miller on borrowed time

Written on 27 Nov, 2009 in Daily Briefs | 19 Comments
Jay Miller on borrowed time

Federal prosecutors prompted a federal grand jury to look into the alleged criminal acts of Hurst financial principal Jay Miller. [Tribune] Miller is one of the subjects of a two-year racketeering, money laundering and wire fraud investigation that includes former... (Continue reading)

HFI’s Jay Miller forced into bankruptcy

Written on 29 Jun, 2009 in Uncovered SLO | 1 Comment

By KAREN VELIE Several investors in Hurst Financial Inc’s (HFI) hard money lending schemes thrust HFI President Jay Miller into involuntary Chapter 7 bankruptcy citing Miller’s failure to repay loans he personally guaranteed. Before their meltdown a little more than a year... (Continue reading)

UPDATE: Shores pays thousands to avoid paying investors

Written on 23 Jun, 2009 in Uncovered SLO | 1 Comment

By KAREN VELIE North county developer Jimmie Shores, his brother Ronnie Shores, and Hurst Financial Inc. (HFI) President Jay Miller, in twisted and conflicting deposition testimonies and interviews, each maintains one of the others is responsible for paying back $700,000 to... (Continue reading)

FBI accuses Miller of racketeering and money laundering

Written on 29 May, 2009 in Uncovered SLO | 14 Comments
FBI accuses Miller of racketeering and money laundering

By KAREN VELIE The FBI seized proceeds from Hurst Financial Inc. (HFI) President Jay Miller’s home May 27 because of allegations of racketeering, money laundering, and wire fraud, according to the seizure warrant. “A racket is an illegal business, usually run as... (Continue reading)

Tribe’s casino pact with white men suspect

Written on 28 Apr, 2009 in Uncovered SLO | 11 Comments

By KAREN VELIE and DANIEL BLACKBURN A secret, decade-long, eight-phase strategy by a group of local investors – including one notorious individual now under investigation for fraud – outlines plans for construction of a Indian gaming casino in San Luis Obispo... (Continue reading)

Heritage Oaks Bank versus the investors

Written on 4 Apr, 2009 in Uncovered SLO | 2 Comments

By KAREN VELIE and DANIEL BLACKBURN Heritage Oaks Bank is battling with Estate Financial Inc. and Hurst Financial investors over first place in the quest for financial compensation. Attorneys for the bank are chasing first position in the pursuit for assets of... (Continue reading)

Gearhart files bankruptcy

Written on 12 Feb, 2009 in Uncovered SLO | 2 Comments

By KAREN VELIE Kelly Gearhart, a North County developer with ties to hard money lender Hurst Financial, has filed for Chapter 7 bankruptcy protection in Ohio. Gearhart and his wife, Tamara Lowe, filed the bankruptcy petition on Wednesday, stating $6.5 million in... (Continue reading)

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)

Lenders accused of fraud agree to surrender licenses

Written on 21 Oct, 2008 in Uncovered SLO | 3 Comments

By KAREN VELIE and DANIEL BLACKBURN Hurst Financial Inc. president James Hurst Miller Jr. and his daughter Courtney Lee Brard admitted to state regulators their complicity in fraud. The pair agreed to forfeit their real estate licenses rather than dispute a large... (Continue reading)

DUMPSTER CHRONICLES: Law, disorder, and the DA

Written on 27 Sep, 2008 in Uncovered SLO | 4 Comments

SECOND IN A SERIES By KAREN VELIE and DANIEL BLACKBURN A disengaged and reticent district attorney failed to investigate numerous complaints targeting fraudulent hard money lenders and big-name developers during the past 18 months, even as new and unsuspecting investors were being... (Continue reading)

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