Industry News

Former plumber accused in multimillion-dollar real estate fraud

New York-based Redwood Trust principal indicted
Published on Jul 26, 2005

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by CareyBot

The principal of Rotterdam, N.Y.-based Redwood Trust was indicted on charges of mail fraud, wire fraud and money laundering in connection with allegations that he ran a mortgage elimination scheme that defrauded homeowners out of millions, media reports said. Kenneth ...