Manhattan U.S. Attorney Charges President of Mortgage Brokerage Firm in $23 Million Fraud
December 14, 2009
Total Loss:
$23 million
PREET BHARARA, the United States Attorney for the Southern District of New York, JOSEPH M. DEMAREST, JR., the Assistant Director-in-Charge of the New York Field Division of the Federal Bureau of Investigation ("FBI"), and RICHARD H. NEIMAN, the Superintendent of Banks for New York State, announced today the surrender of DAVID RAMNAUTH, the President of GuyAmerican Funding Corp., in connection with a scheme that defrauded banks out of more than $23 million in home mortgage loans.
Source:
FBI
Posted in:
Internal Fraud