Industry News

Former mortgage exec faces up to 5 years in prison

Plea agreement over alleged Ponzi scheme calls for $20 million in restitution
Published on Oct 10, 2006

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by CareyBot

The former president of a California mortgage firm accused of raising $30 million from investors to fund his lavish lifestyle and pay off gambling debts has agreed to pay $20 million in restitution and spend up to five years in ...

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