Industry News

Two indicted in Tucson mortgage fraud case involving 21 properties

Pair allegedly used straw buyers to obtain $13M in loans
Published on Sep 5, 2006

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by CareyBot

Two men who allegedly used straw buyers to obtain $13 million in loans on nearly two-dozen properties in Arizona have been indicted on charges of conspiracy to commit fraud and money laundering. Tucson residents Frank Padilla, 36, and Carlos “Charlie” ...

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