Three Sentenced in Vero Condo Mortgage Fraud Scheme

Stephanie Abbott —  August 28, 2018 — Leave a comment

Three men were sentenced to prison Tuesday in a scheme that involved lying to lenders about the sale of luxury condos in Vero Beach, federal prosecutors said. Federal investigators said Vero attorney Eric Granitur, hotel developer George Heaton and buyer Stephen McKenzie conspired to lure prospective buyers to the condo units at Kimpton Vero Beach Hotel & Spa. Investigators said the men lied to bankers about incentive programs, including cash-to-close rebates. Court records show that banks lost about $3.3 million after providing more than $20 million in mortgage funds.

Source: Three sentenced in Vero condo mortgage fraud scheme | All News, Featured News Secondary, News | conspiracy, fraud, prison, sentencing, vero attorney, vero buyer, Vero News, vero property developer | Vero News

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Stephanie Abbott

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