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., May 27, 2007
Met trial set to begin
The criminal trial of a leading executive of defunct Spokane financial conglomerate Metropolitan Mortgage & Securities Co. begins Tuesday in Seattle, three years after the company filed for bankruptcy amid …
Fri., Feb. 2, 2007
Met Mortgage figures reach deals
Two former Metropolitan Mortgage & Securities Co. executives and a Rochester, Wash., businessman accused of fraud have settled lawsuits pressed by the U.S. Securities and Exchange Commission. The men, including …
Tue., Oct. 17, 2006
Met fees top $19.4 million
Lawyers and other professionals unraveling the tangled business dealings of Metropolitan Mortgage & Securities Co. have collected $19.4 million in fees and expenses during the past 21/2 years, according to …
Wed., Sept. 20, 2006
Even Met disbursements are controversial
Richard Ziehnert hurried to the trash can and started digging. At last he retrieved an unopened, nondescript envelope from Wells Fargo. Inside was a check for $263. It wasn’t so …
Tue., Sept. 12, 2006, 12:10 p.m.
Met Mortgage starts mailing out $38 million payback
At last. After 31 months, 12,500 court filings and a full-scale federal accounting fraud investigation, Metropolitan Mortgage & Securities Co. is mailing checks today to the thousands of people burned …