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This is in my town... word on the street is that it will break national any day. Follow the blogs after the article. there are actually three articles in the HDR and a few made the charlotte papers. Big new around here.
1 posted on 11/15/2008 9:54:52 PM PST by ChadsDad
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To: ChadsDad

I’m just glad that I wasn’t sammed.


2 posted on 11/15/2008 9:59:25 PM PST by neodad (USS Vincennes (CG 49) "Freedom's Fortress")
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To: ChadsDad
He told authorities he never invested the funds the investors gave his company, Biltmore Financial, and said he used new investor funds to pay the profits of earlier investors.

Sounds like the guy's got a future working for Social Security.

3 posted on 11/15/2008 10:01:56 PM PST by neodad (USS Vincennes (CG 49) "Freedom's Fortress")
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To: ChadsDad

SEC COMPLAINTS

http://media.gatewaync.com/hdr2/jvhuffman/huffmancomplaint.p

dfhttp://media.gatewaync.com/hdr2/jvhuffman/huffmanreceiverorder.pdf


4 posted on 11/15/2008 10:02:21 PM PST by ChadsDad (never post email.)
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To: ChadsDad
Huffman changed his claims to investors by saying profits were generated by buying and selling mortgages.

Sounds like his investors got lucky. If they'd have bought Fannie Mae or Freddy Mac, they'd have actually been invested in buying and selling mortgages and would have lost almost all their investment. This way, when they sell the cars and RVs and houses the guy actually bought, the investors will get some of their money back. Lucky day!

6 posted on 11/15/2008 10:04:42 PM PST by Onelifetogive (I'm gonna drop talk radio in favor of some audio books. Gotta lower my blood pressure.)
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To: ChadsDad
Please tell me this grifter wasn't a big McCain contributor.
7 posted on 11/15/2008 10:07:14 PM PST by Chairman of the Bard
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To: ChadsDad

Is he eligible for bailout funds?


8 posted on 11/15/2008 10:07:45 PM PST by MARTIAL MONK
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To: ChadsDad
The order also states that funds be frozen, with the exception of $15,000 for living expenses for the Huffmans for one month.

Poor guy, having to scrape by on only $15K a month. He may even have to switch to a cheaper grade of caviar.

11 posted on 11/15/2008 10:11:51 PM PST by PAR35
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To: ChadsDad

Just. He voted that he did not to be part of a normal society. He voted so lets help him. Trie him and execute him quickly


16 posted on 11/15/2008 10:20:53 PM PST by JSteff (It was ALL about SCOTUS. Most forget about that and may have doomed us for a generation or more.)
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