Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Friday, April 12, 2024 | Back issues
Courthouse News Service Courthouse News Service

Core Funding Called a Ponzi Scam

HOUSTON (CN) - Thomas Emmick claims Core Funding Co. pays investors from "receivables" it buys from "plaintiffs' lawyers," but it's just a Ponzi scheme, says a woman who claims she lost $680,000 to the business. She claims Emmick, who formerly operated out of Houston, has moved to Washington state.

Janna Mugge says she invested $680,000 in Emmick's business over the years, with promises that he would pay 8% to 11% returns. But she says investigation showed that anything he did pay he'd collected from new investors - a classic Ponzi scheme. Mugge is represented in Harris County Court by Murray Camp with Tipton Jones of Dallas.

Categories / Uncategorized

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Loading...