Angry Homeowners Meet - First Lawsuit Filed, Claim Ponzi Scheme

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More on the Equity Slide/Wrap-Around-Mortgage program operated OPFM, Inc, also known as Personal Financial Management and Image Masters, Inc. of Reading, Berks County that I blogged about yesterday. See:


Last night, there were two meetings held by the homeowners. Lawsuits are planned. The first has already been filed against the lenders, alleging they knew about the ponzi scheme being operated by the owner of Personal Financial Management.


My guess is this is going to get worse. More lawsuits for sure, and we haven't heard from the attorney general or Pennsylvania Banking Department, either.


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