Wednesday, July 11, 2007

Another Upstate NY Straw Buyer Cops Plea In "Andersen" Affair

EmpireStateNews.net reports that Mark Slagen, 53 of Schenectady, New York pleaded guilty in an Albany, NY Federal Court to conspiring in a mortgage fraud scheme with the currently-under-indictment Anthony Andersen and others. Slagen admitted in substance that he acted as a straw borrower in the charged scheme, allowing Andersen to use his name and personal information to obtain loans secured by real estate in the upstate New York cities of Troy and Rensselaer. For more, see Man pleads guilty in mortgage fraud scheme.

Go here for other posts on this alleged mortgage fraud scheme.