Thursday, May 28, 2015

Real estate investor gets 7 years in $15M mortgage fraud scheme

A real estate investor was sentenced to 84 months in prison for conspiring to defraud financial institutions and launder stolen funds as part of a $15 million mortgage fraud scam that used phony documents and straw buyers to make illegal profits on overbuilt condos.

from Byrd Mix http://ift.tt/1RrMz5L via byrd residential developer


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