Former Loan Officer Pleads Guilty In Mortgage Fraud Scheme
December 8, 2009
Total Loss:
$760,129
Michael McAuley, 40, of Columbus pleaded guilty to a Bill of Information charging him with one count of conspiracy to commit money laundering relative to his role in a mortgage fraud scheme. McAuley faces a maximum prison sentence of 20 years, a fine of $500,000 or twice the value of the property involved in the transaction, whichever is greater, and restitution.
Source:
nbc4i.com
Posted in:
Internal Fraud