An Ohio man agreed to plead guilty in connection with a Cincinnati, Ohio, mortgage fraud scheme that caused losses of almost $873,000, according to legal documents in the case. Clarence Harris of Cincinnati, Ohio, agreed to plead guilty to conspiracy to commit bank fraud, wire fraud, mail fraud and filing a false income-tax return in a plea agreement filed Feb. 13. According to court documents, Harris caused losses of $872,910 to financial and lending institutions in connection with his role in the alleged flipping scheme, which, according to media reports, has already resulted in more than 24 guilty pleas. The conspiracy charge carries a maximum penalty of 30 years in prison and a $1 million fine, while the tax-related charge carries a maximum penalty of three years in prison and a $100...
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