March 21, 2007

Arrest warrant issued for lender

Mitch Heffernan is involved in starting a new mortgage business, but his old company - the now-defunct Mortgage Lenders Network - could land him in plenty of trouble with the state for not paying wages earned by his former employees.

The state Department of Labor confirmed Monday that it has applied for an arrest warrant in Superior Court in Middletown that would charge Heffernan - the former president of Middletown-based Mortgage Lenders - with 61 counts of failing to pay wages.


The wages that the department alleges were unpaid total $3 million, mostly in sales commissions. The commissions range from $5,000 to $300,000.

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