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Home invasion targets subprime lender

December 10, 2009 12:00:00 AM PST
An upscale Orange County home that several suspects robbed Tuesday night belonged to a prominent former subprime lender. Public property records show the home in Newport Coast is owned by Daniel Sadek, the ex-head of Quick Loan Funding. Sadek founded the company in 2002 and wrote about $4 billion in subprime mortgages before it collapsed in 2007. He declared bankruptcy a couple months ago in Nevada.

It's unknown if Sadek was home when four armed men burst their way into his home and took cash and jewelry. Three people suffered head injuries and one of them was taken to the hospital for treatment.

After an 11-hour manhunt, three men were arrested but two suspects are still on the loose. The men taken into custody have been identified as Mickael Andre Hastings of Los Angeles, Antoine Bashiri Boyd of Los Angeles, and Peter Joseph Paturzo of Mission Viejo. Each is being held on $100,000 bail.

Investigators say it's not clear if the suspects knew anyone at the home or what their motive may have been other than robbery.