William Buckley and his firm, Premier Appraisal Services, Inc. have settled with the United States mortgage fraud claims.
Under the settlement, Buckley admitted and accepted responsibility for the fact that certain of Premier‘s appraisals overstated the value of properties that the Government alleges were part of a mortgage fraud scheme. Buckley also agreed to pay $250,000 to the United States, to surrender his real estate license, and to be barred for a decade from performing appraisals in connection with mortgage loans insured by the United States. The settlement, in the form of a consent order, was approved by U.S. District Judge P. Kevin Castel.
Preet Bharara, the United States Attorney for the Southern District of New York, announced the settlement.