FRM ties were overlooked in school shutdown

Sanders, Bob
March 2011
New Hampshire Business Review;3/25/2011, Vol. 33 Issue 6, p1
The article reports on the business scam of Financial Resources Mortgage Inc. (FRM), a nursing school headed by Bonnie McPhail in Laconia, New Hampshire. It mentions that FRM, a financial backer of Skill Med Services Inc. and its president Scott Farah, were charged for fraud after the company was forced to bankruptcy in November 2010. It notes that Farah was sentenced for 15 years in federal prison after pleading guilty but the court discharged McPhail from his debt without finding any fraud.


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