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Loan Modification

: Flipping Frenzy

Ex-CFO Michael Spada admits to $6.3M scam

By Ralph Roberts

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An East Norriton man accused of embezzling $6.3 million from his former employer pleaded guilty Thursday to wire fraud, bank fraud, filing a false tax return and making a false statement to the federal government. Michael G. Spada, 50, was charged earlier this month with stealing from Scannapieco Development Corporation, in New Hope, and hiding the [...]

Full post as published by Flipping Frenzy on March 19, 2010 (boomark / email).

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