Michael Clott

"... mortgage and Interest payments lt owed Hutton and other Investors. E F. Hutton Mortgage Co. and 10 other institutional investors filed the suit against Kirst American Mortgage Co. Friday. Mlchael H. Clott, owner and chairman of First American Mortgage Co., allegedly diverted a month in payments owed to E F. Hutton and other investors, according to an affidavit filed ln U S. ..."

"... dollars ln mortgage and Interest payments lt owed Hutton and other Investors. Hulton Mortgage Co. and IO other Institutional investors filed the sult against First American Mortgage Co. Friday. Mlchael H. Clott, owner and chairman of First American Mortgage Co., allegedly diverted a month ln payments owed lo Hutton and other Investors, according to an affidavit filed ln US District Court. The ..."

"... from the First American Co. of Baltimore at 10 percent interest, repayable in 90 days but with an option to renew. Thc company was founded and operated by Chairman Michael Clott, who is serving a year prison term for racketeering, interstate transportation of stolen securities, and mail fraud. Clott, who pleaded guilty ln two cases in 1987, swindled nearly 300 investors of at least $15.7 million by brokering mortgage packages through to investors nationwide. Clott later told investigators that Ted Mueller, thc Wall Street intermediary, told officials to make it a "sham loan? and to expect it would not be paid back, presumably in order ..."

"... a temporary restraining order freezing the assets of First American Mortgage Co., which collapsed when Hutton sued li on froud charges last week, and the assets of its owner, Mlchael H. Clott. In addition to the personal spending allowance, Harvey allowed Clott to pay fees for hls legal defense. E F Hutton Mortgage Corp., a Little Rock, Ark -based unit of E F. Hutton Group Inc., of New York, has sold lt ..."