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Robert O Potter

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August 13, 1992 | JOHN O'DELL, TIMES STAFF WRITER
A small Orange County mortgage banking firm, whose owner served a prison term for a 1989 loan fraud conviction, is being accused in a civil suit of defrauding a quasi-federal agency. The Federal Home Loan Mortgage Corp. alleges that PFG Mortgage in Mission Viejo defrauded it of $8.5 million in the sale of mortgage notes. The company was renamed Silverado Bancorp earlier this month by owner Robert O. Potter in a move that some in the industry see as a poor judgment call or an odd sense of humor.
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BUSINESS
August 13, 1992 | JOHN O'DELL, TIMES STAFF WRITER
A small Orange County mortgage banking firm, whose owner served a prison term for a 1989 loan fraud conviction, is being accused in a civil suit of defrauding a quasi-federal agency. The Federal Home Loan Mortgage Corp. alleges that PFG Mortgage in Mission Viejo defrauded it of $8.5 million in the sale of mortgage notes. The company was renamed Silverado Bancorp earlier this month by owner Robert O. Potter in a move that some in the industry see as a poor judgment call or an odd sense of humor.
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BUSINESS
August 15, 1992 | TED JOHNSON, SPECIAL TO THE TIMES
The Orange County district attorney's office said Friday that it is investigating fraud complaints against the owner of a small Mission Viejo mortgage banking company who already is a defendant in a civil lawsuit accusing him of double-selling home loans. Robert O. Potter, owner of PFG Mortgage in Mission Viejo, is under investigation in connection with an alleged scheme to defraud the Federal Home Loan Mortgage Corp. in the sale of mortgage notes, said Deputy Dist. Atty. Joseph D'Agostino.
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