Tuesday, December 6, 2005
Fraud Update here alerts us to a Press Release of the USA for the Western District of Missouri (has anyone else noticed that there are no press releases under December in the main DOJ website, although there are some if one looks at the specific agencies). The jury convicted "a real estate entrepreneur" "for orchestrating a property flipping scheme and mortgage fraud conspiracy." The defendant was said to have "prepared and provided material false, fraudulent and misleading loan applications and other documents regarding the loans," and "created a phony trust to conceal the fact that he was flipping property." Id.