Cleveland-Area Prosecutors Gain Convictions In Foreclosure Rescue Scam
- The outcome: Loney pleaded guilty to unauthorized use of property and testified against Quick and Cicerchi. She was sentenced to 12 months probation and fined $1,000. Quick and Cicerchi were convicted in a jury trial this month. Both were found guilty of theft by deception, securing a writing by deception and telecommunications fraud. Quick was also found guilty of mortgage broker prohibitions and receiving stolen property. They are scheduled for sentencing next month.
Source: Loose lending rules gave criminals chance to flourish.
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