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Real Estate Investors

Bellingham, WA: (Oct-29-07) The US Securities and Exchange Commission (SEC) brought a civil complaint against Trillium Corp. and its founder and former president, David Syre, alleging that the company took part in a 2002 real estate transaction with a Spokane investment firm that later went bankrupt and left thousands of investors in the lurch. Records show that the SEC filed the civil suit more than two years ago against Syre, Trillium, and others involved in the complex real estate transaction with Metropolitan Mortgage & Securities Co., of Spokane. Metropolitan was once a highly regarded insurance and real estate firm. It collapsed into bankruptcy in February 2004, leaving close to 10,000 investors with losses estimated at $450 million.

As part of a settlement reached, a US District Court judge ordered that Trillium would pay $75,000 and Syre would pay $50,000 to resolve the dispute. [BELLINGHAM HERALD: REAL ESTATE INVESTORS]

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Published on Oct-30-07


NAACP Accuses NJ Senators of Shady Practices in Affordable Housing Proposal
NAACP Accuses NJ Senators of Shady Practices in Affordable Housing Proposal
February 11, 2010
Trenton, NJ The NJ chapter of the National Association for the Advancement of Colored People (NAACP) has asked two senators to recuse themselves in debates over a forthcoming bill that would shape the Garden State's affordable housing regulations due to personal interests.


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