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Cooper's investment collapse leads to bankruptcy auction of claims
Investors backed loans with second mortgages and promissory notes to fund Cooper ventures. Dozens pursue repayment as regulators say notes were unregistered securities. A bankruptcy sale seeks to recover funds by auctioning Cooper's claims against U.S. Bank and Pioneer Mutual, with creditors hopeful but uncertain about recovery.
MENTIONED IN THIS ARTICLE
Cooper Venture
Cooper
Vern Cooper & Associates
Pioneer Mutual Insurance Co
FBI
U.S
Fargo, N.D
American United Mutual Insurance
U.S. Bank
Pioneer Mutual
Cooper Claims
American United Mutual Insurance Holding Co
Larry Gutz
Cedar Rapids
McCuskey
Larry
Karen Saville
Des Moines
Merle
Ora Lee Oleson
Kimberling City
Vern
Olesons
Cliff
Darlene Schwarz
Baxter
Cliff Schwarz
Sheryl Schnittjer
Tom McCuskey
Schnittjer