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Loan Modification

: Flipping Frenzy

Former CEO of Cobalt Financial, Inc., Sentenced in Manhattan Federal Court to Three Years in Prison for Real Estate Fraud Scheme

By Ralph Roberts

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PREET BHAHARA, the United States Attorney for the Southern District of New York, announced that WILLIAM B. FOSTER, the former owner, President, and CEO of Cobalt Financial, Inc., was sentenced today to three years in prison on charges stemming from a fraud that raised more than $23 million from over 250 investors in private placement [...]

Full post as published by Flipping Frenzy on September 24, 2010 (boomark / email).

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