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POCATELLO, Idaho (AP) _ The U.S. Department of Justice says a
mobile home park in eastern Idaho was used as part of an investment
fraud scheme that bilked more than 400 investors of $31 million
over the last decade.
Authorities say the scheme involved developing subdivisions with
manufactured and mobile homes, including lots at the High Country
Estates in Pocatello, and selling individual lots to multiple
A federal grand jury in Denver last week indicted the owners and
operators of Valley Investments of Grand Junction, Colo. Indicted
were company owners Philip R. Lochmiller and Philip R. Lochmiller
II, and employee Shawnee Carver.
Prosecutors say the Lochmillers and Carver solicited money from
investors, knowing their business wasn't generating enough profits.
Information from: Idaho State Journal, http://www.journalnet.com
(Copyright 2009 by The Associated Press. All Rights Reserved.)