Industry NewsMortgage

FBI says Fannie Mae, Credit Suisse duped by fraudsters

Former owners of N.Y.-based mortgage firm indicted
Published on May 8, 2008

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by CareyBot

Two former owners of a Brooklyn, N.Y.-based mortgage company face conspiracy, wire fraud and bank fraud charges stemming from Olympia Mortgage Corp.'s dealings with Fannie Mae and Credit Suisse First Boston.

Leib Pinter, 64, is accused of fraud in connection with the alleged theft of $44 million in proceeds from refinance loans funded by Fannie Mae.

Barry Goldstein, 59, allegedly sold nonperforming loans to Credit Suisse First Boston using falsified loan histories, prosecutors said.

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