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Hill Williams Development Corp

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BUSINESS
February 11, 1993
Two groups filed lawsuits Wednesday in Orange County Superior Court against Hill Williams Development Corp., an Anaheim Hills company that since 1989 has raised more than $80 million from 6,000 investors to build houses and condominiums. One of the filings is a class-action suit demanding an accounting of how the money was used. Hill Williams announced last month a temporary suspension of monthly dividends to its investors, most of whom are Orange and San Diego County residents.
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BUSINESS
October 6, 1999 | Daryl Strickland
An administrative law judge has banned David Colton, an Orange County developer who was a principal figure in one of Orange County's costliest real estate scams, from being involved in any securities business in the state. The state Department of Corporations sought the ban after Colton allegedly failed to comply with a court order in 1995 to repay $23 million to investors in the Hill Williams Development Corp., which he helped promote. The operation collapsed in 1993.
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BUSINESS
February 10, 1993 | SUSAN CHRISTIAN, TIMES STAFF WRITER
A class-action lawsuit is expected to be filed today in Orange County Superior Court on behalf of 6,000 Southern Californians who invested about $80 million in an Anaheim Hills company that said it used the money for building houses and condominiums. "We are asking for an accounting of the funds--we want to know where the heck the money went," said Tim Cohelan, a San Diego lawyer representing the plaintiffs in the suit. The lawsuit, Cohelan said, was prompted by Hill Williams Development Corp.'
BUSINESS
August 13, 1999 | EDMUND SANDERS, TIMES STAFF WRITER
About 1,000 investors who lost their life savings in the collapse of Hill Williams Development Corp.--which became one of Orange County's costliest real estate scams--have filed a lawsuit accusing one of the firm's former promoters of hiding assets in order to avoid a $23-million judgment. The suit, filed in Orange County Superior Court, contends that David A.
BUSINESS
April 13, 1993 | SUSAN CHRISTIAN, TIMES STAFF WRITER
At least once a week, Stacy Jones can expect to find in her mailbox a letter concerning the saga of Hill Williams Development Corp. The missives began in January with the company's abrupt announcement that it had halted monthly dividend checks to its investors. A series of vague updates followed, ending with notification that Hill Williams had filed for liquidation. Then came an onslaught of correspondence from attorneys offering to represent the jilted investors in lawsuits.
BUSINESS
April 21, 1995 | Times Staff and Wire Reports
Hill Williams Broker to Pay $23.3 Million: Investment broker David A. Colton willfully defrauded investors in the failed Hill Williams Development Corp., helping founder Donald Hill Williams to bilk investors out of $90 million, an Orange County judge ruled in a decision released Thursday. Superior Court Judge William F. McDonald ordered Colton, an Irvine businessman who has filed for personal bankruptcy, to pay $23.3 million in damages to 1,065 investors. McDonald also awarded plaintiffs $15.
BUSINESS
March 8, 1995 | Times Staff and Wire Reports
Investors Win Case Against Hill Williams: A U.S. Bankruptcy Court judge ordered former real estate developer Donald Hill Williams to pay $20 million to the investors, who lost about $90 million in the now defunct Hill Williams Development Corp. of Anaheim. Judge John E. Ryan's decision settled a lawsuit filed by about 900 mostly elderly plaintiffs who said Williams defrauded them in land investment schemes.
BUSINESS
March 13, 1993 | From Times Staff and Wire Reports
Hill Williams Development Under Investigation: Orange County's supervising deputy district attorney for major fraud, Pete Huelfenbeck, said his Santa Ana office is assisting the U.S. Postal Inspection Service in an investigation of Hill Williams Development Corp. For more than three years, the Anaheim Hills company collected nearly $90 million from about 5,000 investors, claiming that the money would be used to build and sell houses.
BUSINESS
October 6, 1999 | Daryl Strickland
An administrative law judge has banned David Colton, an Orange County developer who was a principal figure in one of Orange County's costliest real estate scams, from being involved in any securities business in the state. The state Department of Corporations sought the ban after Colton allegedly failed to comply with a court order in 1995 to repay $23 million to investors in the Hill Williams Development Corp., which he helped promote. The operation collapsed in 1993.
BUSINESS
September 22, 1994 | GREG JOHNSON, TIMES STAFF WRITER
Donald Hill Williams Jr. acknowledged Wednesday in U.S. Bankruptcy Court here that several members of his family were on the payroll at his now-failed development company, that his mother lived in a company-owned house in Utah and that he continued to view Southern California's real estate market with optimism even as it teetered on the edge of collapse. But the founder and former president of now-bankrupt Hill Williams Development Corp.
BUSINESS
May 9, 1998 | DAVAN MAHARAJ, TIMES STAFF WRITER
Donald Hill Williams Jr., the real estate developer who operated one of the state's largest Ponzi schemes targeting elderly investors, agreed Friday to plead guilty to 11 counts of investment fraud. He faces about three years in federal prison. Williams also promised to repay $30.5 million to 2,500 investors of his now-defunct Anaheim Hills firm, according to a plea agreement with federal prosecutors. The agreement, filed in U.S.
BUSINESS
April 21, 1995 | Times Staff and Wire Reports
Hill Williams Broker to Pay $23.3 Million: Investment broker David A. Colton willfully defrauded investors in the failed Hill Williams Development Corp., helping founder Donald Hill Williams to bilk investors out of $90 million, an Orange County judge ruled in a decision released Thursday. Superior Court Judge William F. McDonald ordered Colton, an Irvine businessman who has filed for personal bankruptcy, to pay $23.3 million in damages to 1,065 investors. McDonald also awarded plaintiffs $15.
BUSINESS
April 21, 1995 | GREG JOHNSON, TIMES STAFF WRITER
Investment broker David A. Colton willfully defrauded investors in the failed Hill Williams Development Corp., helping founder Donald Hill Williams bilk investors out of $90 million, an Orange County judge has ruled. In a scathing opinion, Superior Court Judge William F. McDonald ordered Colton to pay $23.3 million in damages to investors for failing to act prudently while serving as underwriter for several Hill Williams Development deals.
BUSINESS
March 8, 1995 | Times Staff and Wire Reports
Investors Win Case Against Hill Williams: A U.S. Bankruptcy Court judge ordered former real estate developer Donald Hill Williams to pay $20 million to the investors, who lost about $90 million in the now defunct Hill Williams Development Corp. of Anaheim. Judge John E. Ryan's decision settled a lawsuit filed by about 900 mostly elderly plaintiffs who said Williams defrauded them in land investment schemes.
BUSINESS
March 8, 1995 | CHRIS WOODYARD, TIMES STAFF WRITER
A U.S. Bankruptcy Court judge Tuesday ordered former Anaheim real estate developer Donald Hill Williams to pay $20 million to investors in a fraud-riddled scheme that preyed on the elderly. Judge John E. Ryan castigated Williams for bilking investors in his Hill Williams Development Corp. of $90 million through land investment schemes. "He preyed on those least able to recover from financial disaster," Ryan said.
BUSINESS
March 7, 1995 | CHRIS WOODYARD, TIMES STAFF WRITER
A U.S. Bankruptcy Court judge is expected to rule today whether Donald Hill Williams Jr., whose company lost as much as $90 million in investors' money, can shelter some of his remaining personal assets through a bankruptcy filing. Disgruntled investors are challenging the 1993 personal bankruptcy filing of Williams, founder and president of Hill Williams Development Corp. in Anaheim Hills. If Judge John E.
BUSINESS
June 8, 1993 | GREG JOHNSON, TIMES STAFF WRITER
A real estate development group asked a U.S. Bankruptcy Court judge Monday for additional time to complete a preliminary study that could lead to a "substantial" investment in the now-bankrupt Hill Williams Development Corp. During a conference Monday in U.S. Bankruptcy Court in Santa Ana, the group that includes thrift industry veteran William J. Popejoy sought permission to complete an in-depth study of Hill Williams' properties and its financial records.
BUSINESS
February 28, 1995 | DON LEE, TIMES STAFF WRITER
An Orange County Superior Court judge issued a warrant Monday for the arrest of Donald Hill Williams Jr., the former Orange County developer whom state regulators have accused of running a multimillion-dollar scam. The warrant alleges that Williams, 46, disobeyed a subpoena to appear in Santa Ana court, a clerk to Judge William F. McDonald said. The warrant, which sets bail at $2,500, states that Williams was served a subpoena Feb. 7.
BUSINESS
September 22, 1994 | GREG JOHNSON, TIMES STAFF WRITER
Donald Hill Williams Jr. acknowledged Wednesday in U.S. Bankruptcy Court here that several members of his family were on the payroll at his now-failed development company, that his mother lived in a company-owned house in Utah and that he continued to view Southern California's real estate market with optimism even as it teetered on the edge of collapse. But the founder and former president of now-bankrupt Hill Williams Development Corp.
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