Friday, February 09, 2007

Ohio Land Flipper Pleads Guilty In Federal Court

Randall Aaron Davidson, the head of an illegal property flipping operation in Montgomery County, Ohio that involved 350 fraudulently obtained loans, pleaded guilty in Federal Court today to three charges in connection with the scam. The properties were located primarily in the city of Dayton and was called the largest mortgage fraud operation to be prosecuted in Montgomery County. For more, see Mortgage fraud 'ringleader' pleads guilty reported by the Dayton Daily News.

For prior stories on this case, see Dayton Federal Trial Of Property Flippers Postponed, Plea Deals Expected
.