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

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
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 ...