First Defendant Cops Guilty Plea In Alleged $70M Metro Dream Homes Ponzi Scheme

From the Office of the U.S. Attorney (Maryland):

• Carole Nelson, age 50, of Washington, D.C., pleaded guilty [Tuesday] to money laundering in connection with her participation in a massive mortgage fraud scheme which promised to pay off homeowners’ mortgages on their “Dream Homes,” but left them to fend for themselves, announced United States Attorney for the District of Maryland Rod J. Rosenstein.

For more, see First Defendant Pleads Guilty in $70 Million “Dream Home” Mortgage Fraud Scheme.

For the indictment, see U.S. v. Williams, et al.

Go here for earlier posts on Metro Dream Homes.