Local Home Builder Pleads Guilty to Bank Fraud Charges
December 28, 2009
Total Loss:
$14 million
Edward Levinson pled guilty to bank fraud charges in connection with his construction business, resulting in more than $14 million in losses to banks and prospective home owners and subcontractors, Acting United States Attorney Michael W. Reap announced today. "Mr. Levinson could have tried to save his 30-year company by going to bankruptcy court,†said FBI Assistant Special Agent in Charge Maxwell D. Marker. "Instead, by making false statements to banks, title companies, subcontractors and homeowners, he dug himself into a bigger hole and ended up in criminal court
Source:
FBI
Posted in:
Internal Fraud