Metz v. Gunther

The record discloses ample evidence to sustain the Special Term’s findings that the plaintiffs made a loan of only $3,000; that plaintiffs received therefor from the borrower notes aggregating $3,600; that plaintiffs exacted a usurious rate of interest; that such loan was actually made to an individual — Richard Rider, although nominally the loan was made to a corporation; and that the corporate entity was utilized to conceal the fact that the loan was actually made to said individual. Indeed, as noted by the Special Term in its opinion, the notes and the mortgage were executed and the…