Thursday, January 13, 2011

Mortgage fraudster found guilty (and rich)

From one of the more entertaining feeds in my Google Reader, CreditBloggers:

A lawyer who helped a gang of mortgage scammers steal $23 million from banks pleaded guilty to seven felonies on Wednesday as part of the federal government’s larger crackdown on loan fraud.

[He] faces a maximum of 210 years in prison for his role in the scam, and he will be forced to repay the money he stole. He will be sentenced in April.

For once, somebody who got rich through scams gets what’s coming to him. Good!

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