2nd Co-Conspirator Cops Plea In Erie Mortgage Fraud Scam

In Erie, Pennsylvania, the Erie Times News reports:

• Frank Kartesz II, the co-owner of an Erie home redevelopment business, pleaded guilty [Monday] to fraud and conspiracy charges in relation to a widespread mortgage-fraud scheme in the city of Erie. [...] He is among five people charged by the federal government in relation to the mortgage fraud case, which the FBI, Internal Revenue Service and other agencies have been investigating since 2004.

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• Frank Kartesz II and Robert L. Dodsworth now share something else ---both have entered guilty pleas as part of a widespread local mortgage-fraud scheme. [...] The government claims that Kartesz -- who was accused nearly eight years ago of being part of a Jamestown, N.Y., housing scam -- was part of a scheme in which he and others bought run-down houses and sold them at artificially inflated prices. Most of the buyers had low income and knew little about purchasing a home.

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• Dodsworth, 60, pleaded guilty to fraud and conspiracy charges in November. Kartesz and Dodsworth ran K&D Enterprises, a home-redevelopment firm at the center of the housing fraud probe.

For more, see:

• Mortgage fraud co-defendant pleads guilty,
• 'What he did was wrong' (2nd guilty plea entered in mortgage scam).

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