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Davie couple found guilty of mortgage fraud

November 24, 2009
Total Loss: $2 million
A Davie couple on Monday was found guilty of charges relating to a multimillion-dollar money-laundering scheme involving mortgage fraud. Garry and Yvonne Souffrant, both 33, were alleged to have used their family business, Progressive Real Estate of Broward, to launder millions of dollars in drug proceeds, according to evidence presented at trial. A third defendant, Garry's brother, Gamaliel Souffrant, 44, of Pembroke Pines, was found not guilty.
Source: South Florida Business Journal
Posted in: Internal Fraud
Tags: mortgageover 1mloan