Industry News

New York man pleads guilty to real estate loan fraud

Fraudster could be hit with $1 million fine
Published on Oct 4, 2005

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by CareyBot

A New York man pleaded guilty to bank fraud in connection with a mortgage flipping scheme and faces a maximum fine of $1 million plus nearly $250,000 in restitution and 30 years in prison, media accounts said. William O’Keefe was ...