Home builder sentenced in $3.7 million real estate fraud

A federal judge sentenced a North Carolina home builder to 27 months in prison last week, saying the man's role in a $3.7 million mortgage fraud scheme had had "dramatic and far-reaching consequences," the Charlotte, N.C. Observer reported.

Greg Smith, a Lake Norman, N.C., home builder, had pleaded guilty to three counts of mortgage fraud in September 2004, media reports said.

more...

To continue reading sign in to your Premium Member account.

Premium Members have full access to all news archives.

Buy Now Purchase 1-year Premium Membership - $149.95

OR

Buy Now Purchase Monthly Premium Membership - $19.95

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.