Real Estate Investor Convicted on 19 Counts for His Involvement in a Mortgage Fraud Conspiracy
September 14, 2009
Total Loss:
$2,000,000
Mario Bernadel, 51, of Phoenix, was convicted yesterday on 19 counts of Conspiracy to Commit Mail, Wire, and Bank Fraud; Mail Fraud; Wire Fraud; Bank Fraud, and Transactional Money Laundering as a result of his involvement in a cash back mortgage fraud scheme. Sentencing is set before U.S. District Judge Stephen M. McNamee on November 30, 2009.
Source:
FBI.gov
Posted in:
Internal Fraud