Erie Feds Close To Bagging Third Plea In Local Mortgage Fraud Scam Involving Almost 200 Properties

In Erie, Pennsylvania, the Erie Times News reports:

• A third defendant in the federal probe of a widespread local mortgage-fraud scheme appears ready to enter a guilty plea. Gregory M. Finney originally entered a plea of not guilty in the case. But Finney’s lawyer, Daniel Brabender, said last week that Finney will likely change that plea in the next few weeks, in large part because of a prior conviction for delivery of cocaine. [...] Finney, who was indicted by a federal grand jury on Feb. 12, was president of A&M Homes, a now-defunct home-redevelopment business. [...] Brabender, who said he and Finney have discussed a plea change, said that if Finney were convicted in the mortgage fraud case, his prior cocaine conviction could weigh heavily against him at sentencing under federal guidelines.

For more, see:

• New fraud plea likely (Defendant expected to plead guilty in mortgage probe),
• House draws complaint.

Go here for other posts related to the Erie, Pa. FBI mortgage fraud probe. Robert Dodsworth