500 Fraudulent Mortgages Caused $100 Million in Losses

admin —  July 9, 2012 — Leave a comment

A Fenton, Mich., man pleaded guilty today to running a massive mortgage fraud scheme that cost lenders more than $100 million in losses — some of which was used to buy cars, boats, trips and a helicopter for several con-artists who were in on the scam …

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Source: Mortgage Daily

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