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Investments

Sep. 28, 1999

State Settles With Broker After Company Goes Bust

SANTA ANA - When thousands of investors decided to sink their dollars into five limited partnerships controlled by Newport Beach-based Performance Capital Management, they thought they would be raking in profits by purchasing delinquent credit card debt and going after delinquent borrowers.

By Jason W. Armstrong
Daily Journal Staff Writer
        SANTA ANA - When thousands of investors decided to sink their dollars into five limited partnerships controlled by Newport Beach-based Performance Capital Management, they thought they would be raking in profits by purchasing delinquent credit card debt and going after delinquent borrowers.
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