A FINAL ROUND OF 1.34 MILLION DOLLARS IN FEES HAS BEEN APPROVED BY THE SAN JOSE BANKRUPTCY JUDGE HANDLING THE LIQUIDATION OF MONTEREY MORTGAGE LENDER CEDAR FUNDING. THE COMPANY WENT INTO CHAPTER 11 BANKRUPTCY IN MAY OF 2008, LEAVING ABOUT 15 HUNDRED INVESTORS (MANY OF THEM LOCAL) IN THE LURCH.
CEDAR FUNDING OWNER DAVID NILSEN, (AND ANOTHER CEDAR FUNDING OFFICER) ARE CURRENTLY AWAITING TRIAL ON FEDERAL CRIMINAL CHARGES
