Man Accused of Mortgage Fraud, Merger Fraud and Bankruptcy Fraud

admin —  November 8, 2011 — Leave a comment

Community Bank gave him a $1.8 million loan. By inflating the sales price, he was able to get a $500000 kickback from the seller. In 2007 and 2008, he submitted fraudulent loan applications to mortgage lenders, it said, and in 2009 he sought bankruptcy …and more »

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Source: Mortgage Daily


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