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Loan Modification

: Flipping Frenzy

New Jersey Real Estate Investor Sentenced to 50 Months in Prison for Role in Mortgage Fraud, Property-Flipping Scheme

By Ralph Roberts

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NEWARK, NJ?A New Jersey real estate investor was sentenced today to 50 months in prison in connection with a mortgage fraud and property-flipping scheme involving rental properties in Paterson, N.J., U.S. Attorney Paul J. Fishman announced. Frederick Ugwu, 54, of Upper Saddle River, N.J., was convicted in December 2009 after a five-week jury trial on [...]

Full post as published by Flipping Frenzy on March 24, 2011 (boomark / email).

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