Tuesday, September 11, 2007

Michigan Man Sentenced To 9+ Years In Multi Million $ Mortgage Scam

The Detroit News reports:
  • "A federal judge on Thursday sentenced [Tariq F. Hamad, 37, a married father of four with a college education] to more than nine years in prison and ordered him to pay about $11.9 million in restitution for his role in a massive mortgage fraud. [...] Hamad admitted to preparing fraudulent loan application packages that included false income statements, false appraisals, false title companies and false property photographs, among other fraudulent records."

For more, see Dearborn man sent to prison for mortgage fraud.