Saturday, January 20, 2007

Ex Church Youth Pastor Gets 46 Months In Flipping Scam

.
A New York man was sentenced to 46 months in prison and ordered to pay more than $460,000 in restitution after being convicted of Federal charges for his part in an illegal property flipping scam. The properties were located in Westchester County and New York City. The scam involved filing false mortgage loan applications with lending companies, and filing other types of false information and documents, like fake W2 forms and fake payroll stubs, which falsely reflected inflated income amounts needed by borrowers to qualify for the loans.

To read more, see Ex-church youth pastor, convicted in mortgage fraud scheme, going to prison, reported at EmpireStateNews.net.
.