Calif. mortgage fraud suspect returns from Spain
September 29, 2009
Total Loss:
$100 million
A 28-year-old Sacramento man who led authorities on an international manhunt has been returned to California to face federal charges in an alleged mortgage fraud scheme. Garret Griffith Gililland III, a former bodybuilder with heavily tattooed arms, entered a not guilty plea Friday through his attorney in U.S. District Court in Sacramento. The former bodybuilder is charged with 24 counts in an alleged $100 million mortgage fraud ring. Court documents say he and two associates had defrauded investors and mortgage companies since 2006. The fraudulent deals involved 500 homes and condominiums in California, Florida, Nevada, Illinois, Colorado and Arizona, according to Internal Revenue Service affidavits.
Source:
Yahoo News
Posted in:
Internal Fraud