Industry News

Mortgage broker jailed for 10 years in flipping scheme

Four more to be sentenced in L.A. fraud case
Published on Oct 11, 2006

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The first of five people to be sentenced in a Los Angeles-area property-flipping and mortgage fraud scheme that resulted in $6 million in fraudulent loans has received a 10-year prison sentence. James Davis Bennett, 53, who owned several real estate ...

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