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Continental Capital Credit Inc

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October 17, 1990 | LESLIE BERKMAN, TIMES STAFF WRITER
About 40 financial institutions nationwide claim they have been defrauded out of more than $30 million by a troubled Irvine-based company that sold them automobile-finance contracts signed by consumers with bad credit. Continental Capital & Credit Corp. is facing several lawsuits from banks and thrifts that bought packages of auto-loan contracts underwritten by Continental. The company's officers and independent brokers who sold the contracts are also named as defendants in the lawsuits.
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BUSINESS
October 17, 1990 | LESLIE BERKMAN, TIMES STAFF WRITER
About 40 financial institutions nationwide claim they have been defrauded out of more than $30 million by a troubled Irvine-based company that sold them automobile-finance contracts signed by consumers with bad credit. Continental Capital & Credit Corp. is facing several lawsuits from banks and thrifts that bought packages of auto-loan contracts underwritten by Continental. The company's officers and independent brokers who sold the contracts are also named as defendants in the lawsuits.
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