Industry News

Mortgage broker defrauds lenders, goes to prison

Fraud scheme brings foreclosures, impacts property values
Published on Oct 30, 2006

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by CareyBot

A former mortgage broker in Charlotte, N.C., has been sentenced to five years and five months in prison after pleading guilty to conspiring to defraud mortgage lenders through an elaborate home-selling scheme. Gordon George, 37, convinced buyers to purchase homes ...

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