Following three days of deliberation, Rick Koerber, who at one time held $7,000 real estate seminars, was found guilty on 15 counts of fraud. ICNY 2020 ICNY2020. Real estate's premier event. Show Comments Hide Comments Comments Sign up for Inman’s Morning Headlines What you need to know to start your day with all the latest industry developments Sign me up Success! Thank you for subscribing to Morning Headlines. Read Next Mortgage fraud risk is at its highest level since the recession Agent faces up to 5 years in prison for bankruptcy fraud Agent who ran mortgage fraud scheme gets 6.5 years in prison Arizona man indicted for $6.3M mortgage fraud scheme More in Select Dollars and Sense: 8 budgeting tips to start 2020 off right 5 ways to generate leads without listings websites Lesson Learned: Take the leap The Fed signals that interest rates won't change through 2020. Really?