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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.

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