Sunday, February 03, 2008

"A Parent's Love Being Taken Advantage Of" Results In Federal Fraud Indictment, Claims City Councilman

In Uniontown, Pennsylvania, The Associated Press reports:

  • A new city councilman took part in a mortgage fraud scheme run by his daughter, federal authorities charged. Marlin Sprouts Jr., 52, a substitute teacher in Uniontown, was charged Friday with conspiracy to commit bank fraud. Sprouts blamed the arrest on a failed real estate venture and vowed to clear his name. He said the charges stem from "a parent's love being taken advantage of." Tiffany Lynn Sprouts opened a brokerage firm several years ago and forged loan applications, tax returns and appraisals to help straw purchasers get more than $2.4 million in loans, authorities say.

For more, see Uniontown councilman charged in fraud.

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