Valley Investments (formerly Valley Mortgage)
Philip R. Lochmiller, Philip R. Lochmiller II, Shawnee N. Carver
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
- Valley Investments (formerly Valley Mortgage)
- Industry
- Affordable-housing / real estate development trust deed investments
- How investors were recruited
- Advertised investments publicly to individual investors (about 400 investors, 2000-2009)
- Pitch & red flags
- Up to 18 percent annual interest paid monthly; described as "solid security" backed by first Deeds of Trust
Pitch phrases from this case
Source
U.S. Department of Justice official