DM Financial
Paul Sloane Davis, Diane Cobb
This entry summarizes public reporting and government filings. Charges and civil complaints are allegations unless a court has entered a conviction or judgment — check the source for the current status.
- Company / entity
- DM Financial
- Industry
- Purported short-term bridge loans for residential real estate
- How investors were recruited
- Investors given fraudulent documents (borrower identities, promissory notes, deeds of trust) to appear legitimate
- Pitch & red flags
- Claimed money went into secured loans to borrowers who in fact received nothing and did not know their identities were used
Source
U.S. Department of Justice official