The DOJ said that Nikasha Patel, 38, of Orlando, entered a guilty plea to a 13-charge indictment over nearly $20 million in fraud.
He was convicted in 2018 over the previous mortgage fraud scheme, which ran from 2010 to 2014.
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Hispanic Borrowers: Are Your LOs Bypassing This Massive Opportunity?If your loan officers are not actively courting Latino home loan prospects, you could be walking away from massive profit potential, according to the latest stats from The National Association of Hispanic Real Estate Professionals® (NAHREP).
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Convicted Scammer Admits to $20M Fraud During Pretrial Release
A Florida businessman has acknowledged committing loan fraud while on federal pretrial release, after being sentenced to 25 years in prison for a separate $179 million mortgage scam, according to the Department of Justice. So reports the Orlando Sentinel.
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