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Metropolitan Mortgage

In January 2004, Metropolitan Mortgage declared bankruptcy, taking down with it the fortunes of many investors who placed their trust in the decades-old Spokane company.


  • Sun., March 2, 2008

    CEO’s ex-wife to pay $325,000 settlement

    Helen Sandifur, the ex-wife of Metropolitan Mortgage & Securities Co.’s chief executive, will pay $325,000 into a special trust to refund investors in the bankrupted company under a settlement disclosed …

  • Wed., Feb. 6, 2008

    Met investors win key reversal

    Burned Metropolitan Mortgage & Securities Co. investors will have their day in court against a big auditing firm they accuse of professional negligence. They have a shot at a potential …

  • Thu., Jan. 31, 2008

    Met investors’ hopes fade

    Some legal efforts to win money from deep-pocketed companies that audited Metropolitan Mortgage & Securities Co. are failing, potentially dashing the hopes of thousands of investors who looked to those …

  • Thu., Dec. 6, 2007

    Business in brief: SEC, Met Mortgage settlements approved

    A federal judge has approved settlements between the U.S. Securities and Exchange Commission and several Metropolitan Mortgage and Securities Co. figures, ending the agency’s sprawling legal action. C. Paul Sandifur …

  • Tue., Oct. 30, 2007

    Sandifur, SEC settle

    Disgraced Metropolitan Mortgage & Securities Co. figure C. Paul Sandifur Jr. will pay about $151,000 to settle allegations that he masterminded fraudulent commercial real estate deals that backfired into an …