Thursday, February 08, 2007

Dayton Federal Trial Of Property Flippers Postponed, Plea Deals Expected

The federal court "property flipping" trial of four defendants scheduled to begin this past Tuesday in Dayton, Ohio has been postponed. Court officials have announced that the defendants are now expected to forego a trial and instead, agree to plead guilty to some of the charges. To read the article, reported by the Dayton Daily News, at daytondailynews.com, see:

Guilty pleas expected in mortgage fraud trial
(Four defendants are accused in a 14-count indictment involving 350 loans)

For background on this story, see my February 4th post, Dayton Area Task Force Fighting Flipping, and the two links to additional Dayton Daily News articles on this story.
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