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: Loan Modification & Home Loan News

Haitian man gets 17 years in prison for mortgage fraud

By Moe Bedard

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A Haitian man was sentenced Monday to nearly 17 years in prison for leading a mortgage fraud scheme in Phoenix that authorities say cost banks about $9.5 million. Federal prosecutors say 51-year-old Mario G. Bernadel was convicted last September on 19 counts related to mortgage fraud, including mail, wire and bank fraud plus transactional money laundering. Authorities say [...]

Full post as published by Loan Modification & Home Loan News on March 16, 2010 (boomark / email).

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