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Marek Harrison, a real estate developer based in Plant City, Florida, has acknowledged running a mortgage fraud scheme involving the condominium conversion of a former hotel near Walt Disney World. So reports the Tampa Bay-Lakeland Business Observer.
Harrison, 56, has pleaded guilty to bank fraud and faces a maximum prison sentence of 30 years, according to a press release from the U.S. Attorney’s Office.
According to the plea agreement, between September 2007 and December 2008, Harrison ran a scheme that involved kickbacks of mortgage proceeds to buyers and co-conspirators.
Read the full article from Tampa Bay-Lakeland Business Observer.
