Estimated reading time: 0 minutes, 27 seconds

Broker Charged with Pocketing Advances on Scam Mortgages

A Florida loan broker has been arrested for allegedly collecting advance fees on a pledge to secure mortgage loans that never materialized. So reports The Business Observer.

Scam road sign 464653 1920 150x150Sammie Sue Doss, who ran a mortgage broker business in Fort Myers, was charged with grand theft, fraudulent use of personal identifying information and a breach of state loan broker laws, according to Florida's Office of Financial Regulation.

Doss pleaded no contest in 2011 to a charge of a similar advance fee for loan scam.

Read the full article from The Business Observer.

Read 1296 times
Rate this item
(0 votes)

FOLLOW US

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.