Cases / Lending & cash advance
Blue Mountain Consumer Discount Company
Walter P. Lambert (aka Buddy)
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
- Blue Mountain Consumer Discount Company
- Industry
- Consumer loan company notes
- How investors were recruited
- Referrals, including from an attorney
- Pitch & red flags
- "a high rate of return (typically 9% or 10%)"; claimed loans made at 23-26% interest would leave a 13-16% profit
Pitch phrases from this case
Source
U.S. Department of Justice official
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