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: The Home Equity Theft Reporter

Ringleader In Cash Back Mortgage Scam Gets 30 Years; Used Phony Repair Invoices, Shell Corporations To Skim $1.1M From Closing Proceeds On 34 Homes

By r morris

In Denver, Colorado, The Denver Post reports:The ringleader of a multimillion-dollar mortgage-fraud ring was sentenced [...] to 30 years in the Colorado Department of Corrections. Uto Essien, 45, a Nigerian national, will be deported after completing his sentence. Essien was convicted in July of four felony counts related to the use of shell corporations and false invoices to skim money off the

Full post as published by The Home Equity Theft Reporter on September 25, 2009 (boomark / email).