Time to get the panic room stocked with MREs and extra ammo ...
Home of Subprime Lender Targeted by Violent Robbers
NEWPORT BEACH -- Three suspects are under arrest after a violent home invasion robbery in a gated Newport Beach community -- the same development where NBA star Kobe Bryant owns a home. Two other suspects escaped.
The home is owned by Daniel Sadek, a prominent former subprime lender.
Sadek made and lost a fortune in the subprime mortgage business. Quick Loan Funding, which he founded in 2002, wrote about $4 billion in subprime mortgages before it collapsed in 2007