NJ Feds Get 2 To Cop To Guilty Pleas In Alleged $50 Million Real Estate Fraud

The Newark Star Ledger reports:

• "A former employee of NJ Affordable Homes and an appraiser who worked for the real estate investment company pleaded guilty to criminal charges yesterday, admitting their roles in a scheme that cost hundreds of investors more than $50 million. [... Thursday], former employee John Morris and former real estate appraiser William Page acknowledged participating in the fraud before U.S. District Judge Jose Linares in Newark. Morris, 60, of Fort Lee, pleaded guilty to conspiracy to commit wire fraud. Page, 47, of Old Bridge, pleaded guilty to conspiracy to commit mail fraud."

For more, see More NJ Affordable guilty pleas.