(Source: San Diego Reader By Don Bauder) – Former North County real estate swinger Philip Rand Lochmiller was found guilty in federal court in Denver today (July 21) of 31 counts of conspiracy, fraud, and money laundering.In 1985, Lochmiller of Lochmiller Mortgage was sentenced to three years in state prison; the family’s real estate scheme had taken money from largely elderly investors in San Diego County, offering as much as 24% a year. The scheme fell apart.

Source: San Diego Reader By Don Bauder

Posted July 21, 2011, 1:56 p.m.

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