Saturday, September 08, 2007

Minnesota Feds Score Second Guilty Plea In Alleged $50 Million Mortage Scam

The Minneapolis Star Tribune reports:
  • "Kristopher Robbins, 27, became the second defendant this week to plead guilty and agree to cooperate with the government's investigation and prosecution, which may involve as many as 200 homes and $50 million in losses. Robbins, a closing agent and licensed notary public, admitted that he participated in scores of fraudulent real estate transactions on behalf of a home builder described in court records only as "Company A." His lawyer, Jerry Strauss, said in an interview that Company A is Parish Marketing and Development Corp. of Eagan."

For more, see Closing agent pleads guilty in home fraud (It was the second plea related to an alleged scheme by Parish Marketing that may involve 200 metro-area homes and $50 million) (if link expire, try here).

Go here for other posts on this ongoing investigation.