Michigan Man Gets 10 Years In Mortgage Fraud Conspiracy

In Michigan, Crain's Detroit Business reports:

• Safi Sobh, 34, of Dearborn, was sentenced to 10 years in prison by U.S. District Judge Patrick Duggan on his May 15 jury trial conviction for leading a mortgage fraud conspiracy that used inflated appraisals on residential properties and created false applications to obtain millions of dollars in bank loans. [...] Sobh, using his realty company, The Success Group, hand-picked and taught co-conspirators how to commit these crimes, Murphy said. Eight indicted co-conspirators pleaded guilty as corrupt loan originators, processors, appraisers and straw buyers.

For more, see Man gets 10 years for mortgage fraud.