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Loan Modification

: Flipping Frenzy

Minnesota mortgage broker pleads guilty in $20 million mortgage fraud scheme

By Ralph Roberts

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A Buffalo, Minn. man pleaded guilty Thursday over his involvement in a mortgage fraud scheme that lost at least $20 million for lenders, the Minnesota U.S. Attorney’s Office said. Richard Mathew Laho, 54, pleaded guilty in St. Paul’s U.S. District Court to one count of mail fraud, a felony that carries a penalty of up to [...]

Full post as published by Flipping Frenzy on July 20, 2010 (boomark / email).

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