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Loan Modification

: Flipping Frenzy

Real-estate scam nets 5 years in prison

By Ralph Roberts

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One of two men indicted for defrauding investors who believed their money was being used to finance home construction in Colorado Springs and a high-tech business campus near Larkspur has been sentenced to five years in prison. Derek Roy Kent, 64, has also been ordered to pay restitution of $765,477 to his victims. Indicted [...]

Full post as published by Flipping Frenzy on February 23, 2010 (boomark / email).

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