State v. Matthews

Marquardt, J.:

Joseph C. Matthews, a/k/a Michael J. Matthews, appeals his convictions from his activities as an unlicensed loan broker. We affirm his convictions and remand for resentencing.

Matthews attended a seminar in March 1998 where the concept of using notes to purchase real estate was presented. Matthews met Junko Irei at this seminar, and they formed an entity called Chatan Corporation (Chatan). Matthews attended a seminar in the fall of 1998 conducted by Charles Key. The seminar focused on the use of notes to buy property for 70 to 75 percent of the property value and later selling…