REAL ESTATE INVESTOR PLEADS GUILTY TO $17.5 MILLION MORTGAGE FRAUD

REAL ESTATE INVESTOR PLEADS GUILTY TO $17.5 MILLION MORTGAGE FRAUD: "Not only were dozens of financial institutions directly victimized,' Schlozman said, 'but this type of fraud scheme ultimately impacts all consumers. When unscrupulous individuals lie on loan applications and misrepresent the condition of properties, they undermine the integrity of the real estate market and the local economy suffers as a result. We will prosecute criminals who steal with the stroke of a pen as aggressively as we prosecute those who carry a gun"