Wednesday, January 17, 2007

Atlanta Trial of 12 In Alleged Flipping Scheme Begins

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A trial of twelve defendants accused of engaging in a "straw buyer" mortgage fraud using a flipping scheme involving over 300 homes and condos in metro Atlanta began yesterday in Atlanta Federal Court. The trial, crowded with the twelve defendants and their attorneys, was described as resembling a "business seminar."

Click here to read the full story as reported by the Atlanta Journal Constitution at ajc.com.
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