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St. Louis Builder Faces Charges Of Bank Fraud; Lenders, Subs, Homebuyers Take $10M+ Hit, Say Prosecutors

By r morris

In St. Louis, Missouri, the St. Louis Post Dispatch reports: [L]ongtime, high-end west St. Louis County home builder [Edward A. Levinson, 49,] has been indicted on bank fraud charges after his attempts to prop up his struggling business cost banks, subcontractors and home buyers more than $10 million, federal prosecutors said this morning.In addition to the losses allegedly taken by the lenders,

Full post as published by The Home Equity Theft Reporter on January 23, 2009 (boomark / email).