Fraudster’s $4.4M debt to victim banks wiped out, then reinstated

Convicted mortgage fraudster Angel Puentes thought he’d hit the motherlode when a judge cut more than half off the federal prison sentence he was serving and then unexpectedly ruled that Puentes no longer had to pay more than $4.4 million in restitution to his victims.

But Puentes is back on the hook for the money after an appeals court ruled this week that the judge didn’t have the authority to wipe out his debt to the victims.

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Rachel Dollar

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