Industry News

Georgia attorney arrested in real estate fraud case

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A Georgia real estate lawyer was arrested Monday in connection with an alleged $7 million mortgage fraud scheme, media accounts said. Athens, Ga., attorney C. Michael Rose denied any wrongdoing after being booked into Clarke County Jail late Monday night on a racketeering charge, reports said. "(Athens-Clarke and state fraud investigators) have a job to do. I'm sure the truth will all come out," Rose said, according to media reports. Rose, 45, is the former law partner of Athens-Clarke Solicitor General Mo Wiltshire, according to reports. Wiltshire said Tuesday he doubted that Rose had committed any crimes, reports said. "I'm shocked and surprised. I can't imagine that Mike Rose would intentionally do anything criminal. I wish the best for him and his family," Wiltshire told Athens Online. Police investigators accuse Rose and about two dozen other people of using phony appraisals and loan applications to systematically and fraudulently pump up property values in Milford Hills, a loca...