Wisconsin Feds Continue Lytle Mortgage Fraud Investigation

The Week in Delavan, Wisconsin reports that a local real estate fraud case in which Lake Geneva mortgage broker James J. Lytle is the central figure, relied heavily on identity theft. At least 11 of the 19 Walworth County properties connected to the fraud scheme had straw buyers whose identities were stolen.

Lytle signed a plea agreement on May 12 and is expected to formally enter a guilty plea to a single charge of wire fraud in a Wisconsin Federal Court on June 27. He is the only person charged, but other charges are expected, according to an FBI source. For more, see Authorities believe real estate fraud scheme relied heavily on ID theft.

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