{"id":452,"date":"2011-07-29T16:36:22","date_gmt":"2011-07-29T20:36:22","guid":{"rendered":"http:\/\/stateimpact.npr.org\/new-hampshire\/?p=452"},"modified":"2011-07-29T17:17:40","modified_gmt":"2011-07-29T21:17:40","slug":"452","status":"publish","type":"post","link":"https:\/\/stateimpact.npr.org\/new-hampshire\/2011\/07\/29\/452\/","title":{"rendered":"Legal Fallout Continues In FRM Case"},"content":{"rendered":"
\"\"<\/a>

Joe Gratz \/ Lambda Chi Alpha<\/p>

The wake of the FRM Ponzi scheme collapse has created some complex and life-changing legal issues.<\/p><\/div>\n

Bob Sanders of the New Hampshire Business Review<\/em> has\u00a0written a\u00a0startling piece <\/a>about the continuing–and unexpected–fallout from the Financial Resources Mortgage ponzi scheme.\u00a0<\/p>\n

“The bankrupt estate of Financial Resources Mortgage Inc. – the Meredith company behind a multimillion-dollar Ponzi scheme – has been suing hundreds of the people who were victimized by the swindle for whatever FRM-related assets they may still have. In many cases, the victims are settling, forking over thousands more dollars in order to get on with their lives.<\/p>\n

Jim Donchess, an attorney and law partner of trustee Steven Notinger, said the trustee is trying to fairly distribute the estate equally.<\/p>\n

‘The simplest, cheapest and fairest thing is to bring all of the assets into the estate and liquidate it on a prorated basis,’ said Donchess. ‘Everyone should be treated the same.'”<\/p><\/blockquote>\n

Throughout the story, Sanders weaves in tales of\u00a0the trustee\u00a0crashing a victim’s bankruptcy proceeding, FRM foreclosing on properties even as the scheme faced imminent collapse, and seemingly smart investments gone sour in the aftermath.\u00a0 And as the piece reveals, a complicated case just got much more so.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bob Sanders of the New Hampshire Business Review has\u00a0written a\u00a0startling piece about the continuing–and unexpected–fallout from the Financial Resources Mortgage ponzi scheme.\u00a0 “The bankrupt estate of Financial Resources Mortgage Inc. – the Meredith company behind a multimillion-dollar Ponzi scheme – has been suing hundreds of the people who were victimized by the swindle for whatever […]<\/p>\n","protected":false},"author":28,"featured_media":461,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[51],"tags":[505,517,520,516],"acf":[],"_links":{"self":[{"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/posts\/452"}],"collection":[{"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/comments?post=452"}],"version-history":[{"count":11,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/posts\/452\/revisions"}],"predecessor-version":[{"id":466,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/posts\/452\/revisions\/466"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/media\/461"}],"wp:attachment":[{"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/media?parent=452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/categories?post=452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/tags?post=452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}