Fourth Man Pleads Guilty in a New Jersey $40.8 Million Straw Buyer Mortgage Fraud Scheme
August 18, 2011
Total Loss:
$600,000
Michael Williams, 33, of Jersey City, N.J., pleaded guilty to an Information charging him with conspiracy to commit wire fraud. He entered his guilty plea before U.S. District Judge Joseph E. Irenas in Camden federal court.
According to documents filed in this case and statements made in court:
Williams served as a “straw buyer” for his co-conspirators to purchase premier real estate in a South Carolina ...
Source:
loansafe.org
Posted in:
ACH and Wire Fraud