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Articles Tagged With ‘Hurst Financial Corp’




Heritage Oaks Bank makes out while investors lose

Written on 10 Mar, 2011 in Featured, Uncovered SLO | 27 comments

After battling for a cut of developer Kelly Gearhart’s Vista del Hombre property, Heritage Oaks Bank in San Luis Obispo walked away with most of the controversial developer’s land in Paso Robles. At the same time, a federal bankruptcy court in... (Continue reading)

Stewart Title settles with Gearhart investors

Written on 7 Mar, 2011 in Featured, Uncovered SLO | 9 comments

Stewart Title settled with investors of former North County developer Kelly Gearhart for approximately 27 percent of their investments in seven lots off Highway 41 near U.S. Highway 101 in Atascadero. Stewart Title paid investors in the five residential lots and... (Continue reading)

Kelly Gearhart: Fraud, arson and betrayal

Written on 18 Nov, 2010 in Featured, Uncovered SLO | 140 comments

Amid a federal investigation into racketeering, money laundering and mail fraud, developer Kelly Gearhart’s stepmother claims her notorious stepson’s illicit activities also included forgery, bribing public officials and arson. The latter exploit was one that helped fund Gearhart’s transition from being... (Continue reading)

Jay Miller on borrowed time

Written on 27 Nov, 2009 in Daily Briefs | 19 comments

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 | One 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 | One 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)

Fraud lawsuit filed against Heritage Oaks Bank and Stewart Title

Written on 15 Jun, 2009 in Uncovered SLO | One comment

By KAREN VELIE Investors have filed a lawsuit alleging Stewart Title and Heritage Oaks Bank (HOB) aided and abetted and/or conspired with Hurst Financial Inc. (HFI) in defrauding hundreds of seniors through illegal investment schemes. The suit filed by more than 300... (Continue reading)

FBI accuses Miller of racketeering and money laundering

Written on 29 May, 2009 in Uncovered SLO | 14 comments

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)

Hurst’s Miller alleges Shores brothers defrauded investors

Written on 6 Apr, 2009 in Uncovered SLO | 6 comments

By KAREN VELIE Prominent North County developer Jimmie Shores says he doesn’t have to repay a $700,000 hard-money loan because his brother, Ronnie Shores, stole the money, while Hurst Financial President Jay Miller, maintains the Shores are trying to defraud investors. “I... (Continue reading)