Continental Mortgage & Investment Corporation

Continental Mortgage & Investment Corporation was a prominent real estate investment trust (REIT) based in Washington, D.C. during the early 1970s. The company's primary business was providing high-risk construction and development loans. Its history is marked by its spectacular collapse, as it filed for what was then one of the largest bankruptcies in U.S. history in 1976. The bankruptcy followed the discovery of massive fraud perpetrated by its senior executives, who were later indicted and convicted for misleading investors, misrepresenting the company's financial health, and misusing corporate funds.