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Real Estate & Property Law

: The Home Equity Theft Reporter

Mortgage Scammer Admits Running Home Equity Ripoffs To Perpetrate Ponzi Scheme

By r morris

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On Long Island, New York, ABC News reports:Peter Dawson was a mini-Bernie Madoff -- on the surface, a charming family man with a big house, on the make in working class neighborhoods of Long Island, N.Y. Now, he has been sentenced to state prison for at least five years for running an elaborate mortgage scam.***Dawson admitted he ran a Ponzi scheme: He convinced his clients to take equity out of

Full post as published by The Home Equity Theft Reporter on May 12, 2009 (boomark / email).

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