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Loan Modification

: Flipping Frenzy

Loan Broker Sentenced to 108 Months in Multi-Million-Dollar Mortgage Fraud Scheme

By Ralph Roberts

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Michael Milan, 49, of Bethesda, Md., was sentenced to 108 months in prison, followed by three years of supervised release, for his role in carrying out a multi-million-dollar mortgage fraud scheme. Milan was also ordered to pay restitution of $3,141,409 and to forfeit $1,061,890 in proceeds he obtained. Neil H. MacBride, United States Attorney for the [...]

Full post as published by Flipping Frenzy on March 13, 2010 (boomark / email).

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