Estimated reading time: 0 minutes, 22 seconds

Ex-Mortgage Broker Charged in $1M Scam

A former mortgage broker has been arrested on a fraud charge in connection with a mortgage loan modification and investment scheme. So reports Business Observer.

Scam road sign 464653 1920 100x100Thomas Errico of Florida told clients he could get their mortgage loans modified or canceled because he could “find fraud” in the loans, state authorities alleged.

The scam, which also involved a co-conspirator, totaled more than $1 million nationally, according to the authorities.

Read the full article from the Business Observer.

Read 252 times
Rate this item
(0 votes)

FOLLOW US

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.