October 2010 Archives

October 27, 2010

IMH Financial Corporation Files for IPO

On October 27, 2010, IMH Financial Corporation filed an initial registration statement with the Securities & Exchange Commission (SEC) seeking approval from the SEC to pursue an initial public offering (IPO). In a letter to shareholder's IMH conservatively reported:

The registration statement is not yet effective, is subject to customary review by the SEC, and we expect to file various amendments to the registration statement in the course of the SEC review process. The size, timing and ability to complete the proposed offering are subject to and contingent upon marketing considerations, including financial market conditions, the timing of effectiveness of the registration statement and other risks, uncertainties and considerations.

Additional Information:

Download the October 27, 2010 registration statement

View all IMH filings with the SEC

View all IMH blog postings

October 7, 2010

Syndicated Radio Show Host Charged With Securities Fraud

Today, the Securities and Exchange Commission (SEC) filed a securities fraud lawsuit against Barbara Alexander, a syndicated radio talk show host based in Monterey, California, who hosted a show for entrepreneurs called MoneyDots. According to the SEC's complaint filed in San Jose federal district court, Alexander and two other executives at APS Funding misappropriated $2.5 million dollars from investors who thought they were investing in short-term loans secured by real estate offering an annual yield of 12 percent. The SEC alleges that the High Yield Investment Program (HYIP) was nothing more than a Ponzi scheme where fictitious returns reported to investors really came from new investors rather than actual income earned. This year, the SEC, FBI and U.S. Attorney's office have stepped up their efforts to punish those who commit securities fraud. As reported in a recent blog posting, the FBI has reported a 105% increase in high yield investment fraud investigations

See related Monterey Herald news article: "MoneyDots" Talk Show Host Freed

October 1, 2010

IMH Secured Loan Fund | IMH Financial Corporation Update

The Alcala Law Firm, a securities law firm based in the San Francisco Bay Area, has just published a newsletter for IMH Secured Loan Fund investors who had their investment converted into shares of IMH Financial Corporation. The newly issued IMH shares are not publicly traded and are illiquid. Investors have several options available to recover some or all of their investment losses, including a class action lawsuit against IMH and individual securities arbitration claims against stockbrokers who sold or recommended IMH.

For more information, please click on the link below to download the IMH Newsletter: