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Valley Investments Faces Lawsuit to Recoup Losses

Nov 23rd @ 3:44 pm

GRAND JUNCTION  -  Several professionals who either worked or represented Valley Investments may now face a lawsuit intended to recoup money lost by more than 400 investors when the company collapsed in 2009.  Kirk Rider, who was appointed by state regulators to take over the business when it failed has the job of trying to [...]

Lochmiller Sr. Found Guilty On Investment Scam

Jul 21st @ 3:58 pm

DENVER  -  The Closing Arguments in the trial of Philip Lochmiller Senior were made in a Denver court yesterday.  Lochmiller has been accused of scamming thirty million dollars from investors through his now-defunct company Valley Investments.  Earlier today the jury returned a verdict of guilty on all counts which include conspiracy, money laundering conspiracy, money [...]

NEWS: Monday December 20, 2010

Dec 20th @ 6:47 am

Bus rolls over, injures passengers. On 12/18/10 at approximately 8:13 P.M., Colorado State Troopers responded to a single vehicle rollover crash involving a tour bus on Highway 114 at milepost five, in Gunnison County. A 2010 Vanh tour bus, operated by Gotta Go Express Trail Ways, was traveling westbound on Highway 114 when failed to [...]

NEWS: Thur. Aug. 19, 2010

Aug 19th @ 5:27 pm

Less than a week after he nearly died in the line of duty, a Grand Junction Police K-9 is back on the job. NBC  11 News is happy to report that police K 9 Oldo is showing he still has old spark and vigor back.  Last week while responding to a burglarly call in Fruita [...]

NEWS: Tuesday May 25, 2010

May 25th @ 7:58 am

The Grand Junction law firm Rider & Quesenberry was appointed receiver of Valley Investments by a state judge in Denver and tomorrow is the first creditors meeting under a bankruptcy trustee.  According to the Daily Sentinel, investors and other creditors have at least $30 million dollars in claims. Valley Investments owner Philip Rand Lochmiller and [...]

NEWS: Mon. April 26, 2010

Apr 26th @ 6:51 am

The receivership for Valley Investments has filed papers in U.S. Bankruptcy Court, a move aimed at allowing it to sell property more quickly. The Daily Sentinel has learned that filing for bankruptcy protection as a debtor in possession of the property will allow the attorneys to dispose of the property more rapidly.  The law firm [...]

NEWS: Tuesday April 13, 2010

Apr 13th @ 6:58 am

Prosecutors in a multi-million dollar Grand Junction Ponzi Scheme are fighting to keep the trial in Grand Junction instead of Denver. According to the Daily Sentinel, prosecution believes that by not conducting the trial in Grand Junction, it would deny Western Slope citizens the right to sit in on a case of this magnitude. Valley [...]