Estimated reading time: 0 minutes, 33 seconds

Banker Pleads Guilty in Mortgage Fraud Tied to S.F. Giants Owner

Former Sterling Bank & Trust executive YiHou Han has pleaded guilty to her role in an alleged mortgage scheme that prosecutors say helped reap $115 million for an owner of the San Francisco Giants baseball team. So reports The Detroit News.

San Francisco Giants Cap InsigniaAccording to the U.S. Department of Justice, Han and two former loan officers admitted to taking part in a years-long scheme to originate fraudulent residential-mortgage loans through their bank’s low-documentation Advantage Loan Program.

Also reportedly implicated in the alleged scheme, though not charged with any wrongdoing, was Sterling Bank & Trust founder Scott Seligman, a minority owner of the Giants.

Read the full article from The Detroit News.

Read 263 times
Rate this item
(0 votes)


click me
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.