Gold dealer is accused of financial fraud
July 27, 2009
Total Loss:
$35 million
A Tampa, Fla., gold and coin dealer is accused of financing a palatial home with collateral from a business loan, a spokesman for Boston's Sovereign Bank said. Mark Yaffe, owner of the National Gold Exchange Inc., built a $25 million, 28,893-square-foot mock 17th century English manor house in 2004. The bank accused him of tapping into collateral used to secure a $35 million business loan.
Source:
UPI.com
Posted in:
Account Takeover Identity Theft