Reply #52: County Prosecutor Bill Mason announced the second, and larger, of two mortgage fraud cases [View All]

[L. Coyote]

To make sure the biased opinion pieces do not dominate consideration of the actors, here's what has been keeping Bill Mason busy when not defending county workers.

Cuyahoga (OH) prosecutor announces 2nd mortgage fraud case ....
Posted on Friday, January 5, 2007 at 12:15PM by the Editor - Ian Shuter
http://www.mortgagefraud.org/journal/2007/1/5/cuyahoga-oh-prosecutor-announces-2nd-mortgage-fraud-case.html

On January 4, 2007 Cuyahoga County Prosecutor Bill Mason announced the second, and larger, of two mortgage fraud cases the events behind which took place in 2004 and 2005. A total of 61 defendants were indicted, totaling 269 counts of forgery and theft offenses, telecommunications fraud, and engaging in a pattern corrupt activity, which entailed a fraudulent down-payment scheme and kickbacks to buyers. This case involves 38 properties purchased in Cleveland, East Cleveland, and Garfield Heights with 2.85 million dollars in loans. It comprises 14 key individuals and companies, plus 45 buyers and sellers and other involved parties. In addition, an appraiser falsified two appraisals. Details of the first case can be found in the next article

Prosecutor Bill Mason said, “It’s time to deal with these sham financial and brokerage institutions as they really are – criminals. You predators are now put on notice – those of you who engage in deception in the lending process will face criminal charges in the court room for your duplicity and greed in the board room.”

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